A retractable storage system for handheld electronic device has a plug head actuation system to operably connect or disconnect the plug head and one or more storage chambers to house a retraction mechanism and/or a battery. At least one accessory station structured on the housing member of the device has an aperture for arresting, dispensing and/or charging at least one accessory item, such as a wireless earbud or e-cigarette. The retraction mechanism retrieves and dispense the stored accessory item through the accessory station.