The news was confirmed via the band's social media accounts, which included a statement from Taylor that said: "This is one of the hardest decisions I've ever had to make."
Taylor added: "Figuring out the timing of all of this has not been easy, but I m going out on a real high.
"We've just returned from a hugely successful UK and European tour, which followed our second headline show at BST Hyde Park, our induction into the Rock & Roll Hall of Fame, and a return to the studio with Nile Rodgers.
Fellow band members Simon Le Bon, Nick Rhodes and John Taylor added: "Roger is our brother. His drumming helped define the sound of Duran Duran from the very beginning and having him back with us since 2001 has been incredibly important to us all.
"We completely support his decision and wish him health and happiness. He will always be part of this family, while we continue exploring new and exciting projects with the band."
He departed from the band in 1985 but returned for the reunion of the original line-up in 2001, writing and playing on six additional chart-topping albums and performing live with the band around the world.
The band is yet to announce any news of a replacement for Taylor.
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