WATER SPORT NEWS - The Lithuanian trained and studied in Plymouth when she won 100m breaststroke gold in 2012 at the age of 15.
Now 22, the former world and European champion was facing the prospect of a 12-24-month ban having claimed full responsibility for the missed tests.
"I am ready to start a new phase of life," she said in a statement.
Anti-doping officials were unable to make contact with Meilutyte on three separate occasions over the last 13 months.
She has admitted to struggling with depression in recent years and finished seventh in the 100m breaststroke at the Rio 2016 Olympics after suffering a broken elbow in the build-up.
Since those Games she has left the UK and trained in her homeland as well as Australia, Turkey and the USA, but will now return to education and pursue a career outside of the sport.
"Thanks to swimming, I experienced a life I had never thought about," she said. "I had the opportunity to see a large part of the world, to get to know and work with wonderful people.
"(Now) I want to experience simple things, grow, and better understand myself and the world around me."