Miller will take himself out of competition for the World Cup season, including the upcoming World Ski Championships as he continues his recovery from knee surgery.
The 35-year-old underwent surgery on his knee last spring, and he has admitted that the decision to take time away from competition has been a very hard one.
“It’s tough for me to miss a season of ski racing, but this decision was easy for me when I look at my opportunity next year,” Miller said.
“My knee should be stronger than any time since before I injured it in 2001. This was a big year for me, getting married, and my wife being pregnant, so I’ve been able to enjoy that and extra time with my daughter.
He added: “I have said many times that motivation is a key trait for me when it comes to my racing – I am super motivated to do great things next year and I know 2014 will be my last Olympics.”
Miller holds the American men's record for World Cup victories at 33, and has not missed a World Cup season since his debut in 1997.
He also holds the record for the most consecutive race starts at 136, between March 2002 and January 2006, and is the most decorated US Olympic skier in history.
Sasha Rearick, head coach for the USSA, fully supports Miller’s decision.
“It is an incredibly smart and strategic decision by Bode,” he said. “He has become legendary for pushing the limits of what is possible on skis, but knows an additional injury to his knee could put the 2014 Olympics in jeopardy.
“At this point, he is not fully recovered to race and has turned his focus to being 100 per cent fit for Sochi.”