Ben Carson has not said which of the remaining four candidates he plans to endorse in the race for the Republican nomination.
"There are a lot of people who love me, they just won't vote for me," Dr Carson said at the Conservative Political Action Conference near Washington DC.
After receiving a standing ovation from the crowd, the 64-year-old said he would still be "heavily involved in trying to save the nation".
His announcement was expected after he said earlier this week that he did not see a "political path forward" in his campaign for the nomination.
Ben Carson had earned only eight delegates before his decision to drop out from the nomination race
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