to not live at the place where you work or study

We have a nanny, but she lives out. 我们的孩子有保姆，但是她不和我们一起住。

Most students live out in their second year. 大部分二年级学生不住校。

to spend your life or the last period of your life in a particular way

She retired and lived out the rest of her days quietly in the country. 她退休了，在乡下安静地度过余生。