An exercise chair of the type wherein a user can sit on a seating platform and extend and retract his legs while his feet are resting on a spring-resisted foot rod includes a movable bar for pivotally supporting the foot rod and which is positionable in an operative position or a storage position. In the operative position, the foot bar is positioned for desired use in pre-determined exercises while in the storage position it is positioned so as to permit nestable stacking of a plurality of the chairs.