House Speaker Paul Ryan said Wednesday he would retire at the end of his term, ending his nearly three year tenure as speaker. Ryan said he will step down in January.

Ryan said he has no plans to run for any elected office in the future. “No plans to run for anything,” he said in an interview with CNN. “And I really don’t think I’ll change my mind.”

Ryan cited his primary reason for leaving being a desire to be more than a “weekend dad” to his three teenage children.

Ryan was first elected in his southeastern Wisconsin district in 1998 and has been easily re-elected since, currently serving in his 10th term.

Ryan’s announcement brings the total number of House Republican incumbents not seeking re-election to 40. The Republican majority in the House is 45 seats.

Candidates considering running for Ryan’s seat have until the June 1 Wisconsin primary filing deadline to announce their candidacy.