Raikkonen poised to retire from F1 at the end of 2020

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Kimi Raikkonen is set to retire from Formula 1 at the end of 2020, InsideRacing.com has been told.

The Finn's current contract at Alfa Romeo expires after this season and it's understood he will inform the Swiss team of his decision to leave at some point during the current doubleheader at Silverstone.

In doing so, it is expected Kimi will call time on his stay in F1 following 18 years on the grid, stretching back to 2001.

Raikkonen's start to this season has been poor with Alfa Romeo battling with Haas and Williams at the back of the grid.

Indeed, in Hungary, the 40-year-old was the slowest driver in qualifying for the first time in his career and is yet to score a point after the first three races.

large 2020 British Grand Prix Friday

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Before Raikkonen is expected to call it a day though, he will still reach one major milestone by surpassing Rubens Barrichello to become F1's most experienced driver ever.

He'll match the Brazilian's total of 322 race starts at the Eifel Grand Prix at the Nurburgring in October and could end with as many as 329 if an 18-race schedule is confirmed.

This news also coincides with speculation that Sergio Perez could be eyeing a return to the former Sauber team next year, should Racing Point decide to replace him with Sebastian Vettel for 2021.

Rai Per