Deputy leader David Parker is expected to become acting leader.
Mr Robertson and Mr Cunliffe were the main rivals in last year's leadership contest, which was forced by the resignation of David Shearer who believed he was about to lose a no-confidence motion.
Labour has now been through four leaders while Prime Minister John Key has led National -- Helen Clark, Phil Goff, David Shearer and David Cunliffe.
Mr Robertson said the party needed a new generation at the helm.
He will consider going to the leadership contest on a ticket -- naming who he would like to see as his deputy.
"Clearly that would give further shape to the kind of leadership that I would bring."
He agreed Jacinda Ardern was a possibility but no decision had been made and it was ultimately a caucus decision.
"What I am clear about is I think we need a new generation of leadership. That's the generational change that we require now to meet the new challenges that the party has got.
"I've got to take some time to sit down and listen to my colleagues, along with everybody else."