The Gypsy King called time on his career earlier this month and Atlas hopes he isn't tempted back into the ring as he doesn't want the fighter to be afflicted with the same health problems Muhammad Ali faced once he ended his career.
The coach told CanadaCasino.Ca: "I think it's time for him to walk away. I love to see a movie end in a good way. My wife gets nuts, she will not watch a movie with me because she says, 'As soon as it gets to that bad part you don't like the way it's going to end, you turn it off'.
"Yeah, I do. I turn it off. I don't want to see it, so I would like to see him walk away."
Atlas continued: "He's made enormous amounts of money. God bless him. He could take care of his family for who knows how many lifetimes and he earned it.
"I'd like to see him walk off into the sunset before the sun crashes down, before it all gets dark. I'd like to see him actually on his own, in the right way, walk off into that movie sunset, I don't want to see another Muhammad Ali, the great Muhammad Ali stayed too long."
Atlas conceded that Fury is fearful of retirement as he will miss the structure that boxing provides him with.
He said: "I do think he's afraid (to retire), because I think that having this in his life, having boxing, the structure of boxing, the discipline, the people around him in camp, is a reason to get up every day and be strong.
"He's smart, he's not dumb. He's very smart. I think he realises that it's important in his life, but at some point, he has to learn to live life without the help of boxing."