Yes, the O-X visa for retirement does exist. It is valid for citizens from specific countries including Japan, Australia, and several European nations. Applicants must be over 50 years old and are not allowed to work on this visa. It's recommended to check the requirements on the Thai consulate's website in your country.
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1. To get the Non-OX visa, you must be from:
Japan, Australia, Denmark, Finland, France, Germany, Italy, Netherland, Norway, Sweden, Switzerland, United Kingdom, Canada and United States.
2. The specific requirements can be found on your local Thai consulate website. Type "[Your passport country] AND Thai Embassy" and it should appear.
3. You must be over 50.
4. Because this is a "retirement" visa, you are not allowed to work.
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The O-X visa DOES indeed exist. Check with the web-site of the thai consulate in the country your passport is from (or that you hold permanent resident status) to see what the requirements are.
While it does say it can be issued inside the country I have never heard of a single case where that's happened. Everyone I know of on the O-X visa got it in their country before they came here.