After over five decades of topping the charts, Tyler and his bandmates announced their retirement from touring. The band embarked on one final hurrah, with their Peace Out tour kicking off in September 2023.

The tour was due to run until 2025, but several 2023 dates were postponed after Tyler damaged his vocal cords and fractured his larynx. Unfortunately, the tour was cancelled in August 2024 when it was revealed that the damage to Tyler's vocal cords was irreparable.

A statement from the band read: "As you know, Steven’s voice is an instrument like no other. He has spent months tirelessly working on getting his voice to where it was before the injury. We’ve seen him struggling despite having the best medical team by his side. Sadly, it is clear that a full recovery from his vocal injury is not possible. We have made a heartbreaking and difficult, but necessary, decision—as a band of brothers—to retire from the touring stage”.

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