Pixel Art Challenge: Retired Sprites

Challenge winner mobichan challenges you to choose your favorite fighting game character from any video game and pixel them in their old age.
A link to the original or mentioning the character (if well known) is required.

Canvas size: Less than 160x160 (meaning 160x160 maximum size)
Color Palette: Roughly those of the original (young) game version used for reference (not too strict here)
Transparency: Highly desired
Animation: Allowed

The challenge thread will have all the challenge updates. The thread is also a great place to post your WIPs.