A modular spring retainer and method for metal forming dies includes a base shaped for detachable connection with an associated die plate, having a threaded central aperture, and an adjacent lock dowel aperture which extends through the threaded central aperture to form a window. A cylindrically-shaped spring retainer is configured to receive a spring therein, and has a threaded exterior portion which engages the threaded central aperture of the base, such that mutual rotation of the same adjusts the longitudinal position of the spring. A locking dowel is closely received in the lock dowel aperture in the base, and has an unthreaded exterior surface which protrudes through the window and abuttingly engages an adjacent portion of the threaded exterior surface of the spring retainer to securely, yet detachably, retain the spring member in a selected longitudinal position.