Williams retired from playing in 1960. He was inducted into the Baseball Hall of Fame in 1966, in his first year of eligibility. Williams managed the Washington Senators/Texas Rangers franchise from 1969 to 1972. An avid sport fisherman, he hosted a television program about fishing, and was inducted into the IGFA Fishing Hall of Fame. Williams's involvement in the Jimmy Fund helped raise millions in dollars for cancer care and research. In 1991 President George H. W. Bush presented Williams with the Presidential Medal of Freedom, the highest civilian award bestowed by the United States government. He was selected for the Major League Baseball All-Time Team in 1997 and the Major League Baseball All-Century Team in 1999.