Michigan Democratic Sen. Gary Peters will not seek re-election when his term ends in Jan. 2027, Fox News has confirmed.

Peters, a two-term senator and former congressman, told the Detroit News that he will start a "new chapter," spending more time with family after nearly two decades of public service. 

"I always thought there would be a time that I would step aside and pass the reins for the next generation. I also never saw service in Congress as something you do your whole life," Peters told the outlet. 

"And that goes back to 2008 when I first won that House seat. I thought it would be for a matter of a few terms that I would serve, and then I would go back to private life." 

His decision to retire leaves open a senate seat in a state President Donald Trump won in 2024. But Democrats held a similarly open seat when Sen. Elissa Slotkin, D-Mich., narrowly defeated Republican Mike Rogers. 

This is a developing story and will be updated.

Fox News's Chad Pergram contributed to this report. This is a breaking news story. Check back for updates.