"I'd like to work in sport, but maybe not elite sport and cycling. I'm not ready to go back and stand trackside."
Pendleton gears up for Meares Olympic showdown
Bedfordshire-born Pendleton is set to compete in her third Games, but admitted that she did not have the "mental or physical will" to go for a fourth.
She added that she was in awe of the achievements of rower Sir Steve Redgrave, who competed at five Olympics, and sailor Ben Ainslie, 35, who will be taking part in his fifth Games.
"I've been at the top of my sport for 10 years - I've had a long time to enjoy it," continued the Mildenhall club cyclist, who will take part in the individual sprint, team spirint and keirin in London.
"I have huge admiration for Redgrave and Ainslie. The four-year Olympic cycle is a long time for an athlete to put the mind and body through stress.
"I could carry on for another four years, but it would not be my first choice. I would not want to do something that would make me unhappy."
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