According to the Season 8 comics, if you accept them as a continuation of the "Buffy" story (some don't, despite Joss saying that they are canon) no. Buffy doesn't begin her well earned retirement, but instead becomes "Mama Slayer" to one group of new Slayers, where Season 8 finds her training and patrolling with her girls in Scotland and living in a castle there, with Xander as her second in command. The others are scattered about the world, still fighting the good fight. The closest thing to a "normal" life is Dawn's brief attempt at college, but she runs has a disagreement with her boyfriend, who happens to be a thricewise demon, and begins the season as the Ridiculous Colossal Dawn.
If you don't accept the continuation in the comics, it's pretty much up to your own imagination. Or, as a courtesy of one Avenger to another, you're welcome to share my version of the non-canon post Season 7 Buffyverse if you would care to:
Giles began rebuilding the Watchers' Council in England with Andrew's help.
Xander leads a group who travel all over the world, locating and counseling new Slayers. While in Africa, he met, fell in love with, and married Cassandra Clayton, granddaughter of John Clayton, Lord Greystoke, otherwise known as Tarzan (by coincidence, Clayton is a relative of William Clayton Pratt, who we affectionately know as Spike, and the one who helped him locate the cave demons who restored his soul)
Buffy, Willow, and Faith direct a Slayers' training facility on the site of a former gladiators' school in Italy. Spike and Illyria are there (Spike lives with Buffy and helps with the training, while Illyria makes life miserable for the Immortal, one of her old minions and Glory's ex-husband)
Angel, still living in Los Angeles, earned his mortality for defeating the Senior Partners, is happily married to Nina. Unfortunately, on their honeymoon, in the throes of passion, she unthinkingly bit him in a most sensitive and private place, and he is now a werewolf. The two of them are being helped by Oz, and, under his guidance, are beginning to take control of their wolf personalities.
Gunn has a very successful law practice, and was responsible for getting all charges against Faith dropped on the grounds of temporary insanity.
(I had some time not long after the end of Season 5 of "Angel" while recovering from surgery with not much else to do but lie around and let my imagination wander)