A retractable liquid dispenser device comprising an outer body having a retractable mechanism slidably supporting a liquid dispenser. The liquid dispenser has a supply reservoir and a discharge reservoir with a reservoir valve disposed therebetween. A retractable valve is located in proximity to an open first end of the outer body. A first depression of the retractable actuator opens the retractable valve and moves the liquid dispenser into the extended position for enabling a depression of a distal end of the liquid applicator to open the dispensing valve to permit liquid to flow from the supply reservoir into the dispensing reservoir to dispense the applicator liquid from the distal end of the liquid applicator. A second depression of the retractable actuator moves the liquid dispenser into the retracted position and closes the retractable valve to enclose the distal end of the liquid applicator within the outer body.