An optimized code to perform the near-real-time retrieval of profiles of pressure, temperature, and volume mixing ratio (VMR) of five key species (O3, H2O, HNO3, CH4, and N2O) from infrared limb spectra recorded by the Michelson Interferometer for Passive Atmospheric Sounding (MIPAS) experiment on board the European Space Agency (ESA) Environmental Satellite ENVISAT-1 was developed as part of a ESA-supported study. The implementation uses the global fit approach on selected narrow spectral intervals (microwindows) to retrieve each profile in sequence. The trade-off between run time and accuracy of the retrieval was optimized from both the physical and the mathematical points of view, with optimizations in the program structure, in the radiative transfer model, and in the computation of the retrieval Jacobian. The attained performances of the retrieval code are noise error on temperature <2 K at all the altitudes covered by the typical MIPAS scan (8-53 km with 3-km resolution), noise error on tangent pressure <3%, and noise error on VMR of the target species <5% at most of the altitudes covered by the standard MIPAS scan, with a total run time of less than 1 min on a modern workstation.