LONDON, England - Three times Le Mans winner and endurance world champion Allan McNish announced his retirement from racing. The motorsport veteran said it was time to achieve his personal goals.McNish (44) said he was following the example of compatriot and triple Formula 1 World champion Jackie Stewart who quit in 1973 after winning his third title.VETERAN RETIRESMcNish said in a statement: "As a racing driver it's important to stop at the right time when I'm still fast and capable of doing the job and the timing feels right after winning Le Mans for a third time in 2013 and claiming the world title."McNish, who will continue to work with the Audi Le Mans team in various roles as well as devoting time to media and management, said he was ready to hand over to a younger generation.McNish said: "I've won the championships and races I wanted to win and frankly there's no better way to end my Audi sportscar race career than going out as a world champion."My fellow Scot and mentor Jackie Stewart knew when to get into things but also knew when to get out and he has taught me that lesson."McNish raced for Toyota in Formula 1 in 2002 and won 19 times with Audi teams and also took three American Le Mans titles.He won the Le Mans 24 Hours in 1998, 2008 and this year and also had some big accidents at the Sarthe circuit including a spectacular one in 2011 that destroyed the car.McNish said: "There are some great new drivers coming through and they need an opportunity just like I did."