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Retirement is an important life transition that brings with it social identity and psychosocial upheavals, and therefore a disinvestment and a consequent narcissistic readjustment. Despite being highly important, this narcissistic dimension is most often neglected during the identity and psychosocial care offered to individuals during this period of their life. This article examines the case of Mr. B, a sixty-five-year-old who found his retirement three years ago difficult and was presenting narcissism disorders. It reflects on the necessity of undertaking therapeutic work on “fragile” narcissism, which is too often overlooked in clinical cases involving elderly subjects. Mr. B was offered multifocal treatment, which quickly showed its limitations, along with psychotherapy that focused on transference (Kernberg). The psychotherapy aimed to restore his energy balance and psychological continuity, allowing his libidinal investments to be relaunched and making it possible to work on objectality and previous conflictuality.