In 2012, Larkin was voted into the Hall of Fame with 86.4% of the vote. He was the eighth Reds player and 24th shortstop inducted to the Hall of Fame. On August 25, 2012, his number 11 was retired in an official ceremony at Great American Ball Park. In 2010, his first year of eligibility for the Hall of Fame, Larkin had received 51.6% of the vote (75 percent is needed for election). In 2011, he received 62.1% of the vote, the highest of non-inducted players and third overall.