updated 12/18/2013 AT 3:20 PM ET
•originally published 12/18/2013 AT 4:30 PM ET
Hear that high-pitched noise in the distance? That’s the sound of millions of teenage girls reacting to Justin Bieber’s claim that he’s retiring.
On Tuesday, during an interview with L.A. hip-hop station Power 106, the 19-year-old said he was calling it quits.
Bieber explained that his new album, Journals, which is out Dec. 23, will be his last. “After the new album, I’m actually, I’m retiring, man, I’m retiring,” he told host Big Boy.
“I’m retiring, I’m just gonna take … I think I’m probably gonna quit music,” he added.
But the singer is “not retiring,” a source close to Bieber tells PEOPLE. “He’s got too much going on.”
That includes his movie, Believe, which is out Christmas Day.
A rep for Bieber had no comment.