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Depending on who you hire to build a retaining wall, the average cost, including demolition and reconstruction, for a 50-foot wall that's 4 feet in height is between $7,000 and $24,000.

A retaining wall can only function as a fence if it’s high enough on all sides to prevent someone from accidentally falling into the pool. However, most retaining walls retain dirt, which means their purpose is not related to safety. There would need to be nothing on the other side of the wall for it to be considered a fence, but in that case, it wouldn’t retain anything and would cease to be a retaining wall.  

The lifespan of a retaining wall varies based on its material, installation quality, maintenance, and local climate, with an average range of 20 to 100 years. Retaining walls made from durable materials like concrete, stone, and brick generally last a minimum of 50 years. Concrete walls typically last between 50 and 100 years, while brick can last for over a century in ideal conditions. Timber retaining walls can last from 20 to 40 years, depending on the wood quality, and pressure-treated wood walls average around 30 years. It is important to note that a retaining wall can fail prematurely if it was poorly constructed, for example, with inefficient footings or without necessary rebar reinforcements.

If you've decided you'd like to skip the cost of restoring a brick exterior wall after considering whether you should repair or replace brick on your house, you can consider installing fiber cement siding over brick for a cost of $2 to $6 per square foot. When done properly, cement siding over brick offers a durable, low-maintenance option that can actually reduce your home's energy costs. It's also attractive. However, improper installation or installation over heavily compromised brick can cause water damage.