Abstract: A retractable screwdriver includes a handle, a positioning member, an operation ring, a shank, a sleeve and a drive socket. The positioning member includes a first opening and a second opening respectively defined through a wall thereof and communicating with the passage. The length of the first opening is shorter than that of the second opening. A first wall is formed at the first opening and a second wall is formed at the second opening. The first and second walls are located on different radial planes and have a distance defined therebetween in a radial direction. The opening ring is obliquely located in the passage and biased by the second spring to keep an inclination of the operation ring. The operation ring has its contact edge to contact the shank so as to achieve the purpose of adjustment of the shank.