Abstract: A retractable marking device comprising a casing holding a retractor, an engagement element, a fastener, and a barrel. The engagement element holds marking instruments having a variety of diameters, wherein the marking instruments may comprise, for example, pencils, pens, chalk, and the like. Additionally, the engagement element is secured to the retractor, wherein the retractor comprises a coil retractably wound around a reel, such that the engagement element can be repeatedly extended from and retracted to the casing. The fastener secures the device to a user's garb or working paraphernalia for ready accessibility. Furthermore, the barrel holds a sharpener, wherein the sharpener sharpens the marking instrument. Additionally, depending upon the particular embodiment, the retractable marking device may sharpen the marking instrument either manually or mechanically.