Provided is a nozzle retractable dispenser which includes a container (20); a cylinder (22); a piston (24); a pressing member (28); an elastic unit (30); a pumping button (36), in which a button portion (32) is formed at the upper portion of the pressing member (28), and a nozzle (34) communicating with the communication hole (26) is protruded in a lateral direction of the pressing member (28); and a cover member (40). Here, the pumping button (36) goes slidingly forward and backward with respect to the pressing member (28) at the state where the pumping button (36) has been elastically supported by the elastic unit (30), so as to be withdrawn and retracted in the lateral direction of the container (20). Accordingly, the nozzle can be withdrawn in a sufficient length in the lateral direction of a container during use, by a simple operation of slidingly manipulating the pumping button. As a result, it is convenient for a user to use the dispenser and to receive contents of the container through an exit of the tip of the nozzle. In addition, when not in use, the pumping button goes slidingly backward so as to be retracted into the inside of the container, to thus make the dispenser easily kept in custody. Further, there is no need to use a particular over-cap to thus obtain a more compact structure of the dispenser.