Barbara Walters to retire in 2014

Set to announce retirement Monday
Will make announcement on The View Monday morning

Groundbreaking broadcaster Barbara Walters is set to announce Monday morning that she will retire from television next year, ABC News reports.

Walters, who has been with ABC since 1976 when she became the first female co-anchor of a network evening newscast, will remain with The View as executive producer.

Her television career began in 1961 when she started with NBC's Today show.