A retractable bed is disclosed which can be automatically raised and lowered in a vertical fashion. The retractable bed includes a frame for holding a mattress; and means for raising and lowering said bed through vertical displacement, such as one or more motors. When the bed is in the lowered configuration it will come into contact with the floor thereby permitting a person to sleep on the bed. When the bed is in the raised configuration it will be near the ceiling thereby permitting a person to pass under the bed. The means for raising and lowering said bed, such as one or more motors, provides an automated and convenient way to take the bed down and to put it away.