महाभारतः mahābhārataḥ - book-12, chapter-226, verse-5

प्रजासर्गेण दारैश्च ब्रह्मचर्येण वा पुनः ।
वने गुरुसकाशे वा यतिधर्मेण वा पुनः ॥५॥

5. prajāsargeṇa dāraiśca brahmacaryeṇa vā punaḥ ,
vane gurusakāśe vā yatidharmeṇa vā punaḥ.

5. prajāsargeṇa dāraiḥ ca brahmacaryeṇa vā punaḥ
vane gurusakāśe vā yatidharmeṇa vā punaḥ

5. (saḥ) dāraiḥ prajāsargeṇa ca vā punaḥ brahmacaryeṇa vā
vane vā gurusakāśe vā punaḥ yatidharmeṇa (anutiṣṭhet)

5. (He may observe his life stage) either through procreation with a wife, or again through celibacy (brahmacharya), or in the forest, or in the presence of a teacher (guru), or again through the duties (dharma) of an ascetic.

Words meanings summery:

• प्रजासर्गेण (prajāsargeṇa) - by means of procreation, by creation of offspring

• दारैः (dāraiḥ) - with wives, with a wife

• च (ca) - and, also

• ब्रह्मचर्येण (brahmacaryeṇa) - Celibacy (brahmacharya) as a lifelong observance, or the student stage. (by means of celibacy, by the life of a religious student)

• वा (vā) - or, either

• पुनः (punaḥ) - again, further, moreover

• वने (vane) - Refers to the 'vānaprastha' (forest dweller) āśrama. (in the forest)

• गुरुसकाशे (gurusakāśe) - in the presence of the guru, near the guru

• यतिधर्मेण (yatidharmeṇa) - by means of the duties of an ascetic, by the conduct of a renunciate

Words meanings and morphology

प्रजासर्गेण (prajāsargeṇa) - by means of procreation, by creation of offspring

(noun)

Instrumental, masculine, singular of prajāsarga

prajāsarga - procreation, creation of offspring, generation of beings

Compound of 'prajā' (offspring) and 'sarga' (creation).

Compound type : ṣaṣṭhī-tatpuruṣa (prajā+sarga)

• prajā – offspring, progeny, subjects, people
  noun (feminine)
  From root 'jan' with prefix 'pra'. Literally 'forth-born'.
  Prefix: pra
  Root: jan (class 4)
• sarga – creation, emission, chapter
  noun (masculine)
  From root 'sṛj' (to create, to emit).
  Root: sṛj (class 6)

दारैः (dāraiḥ) - with wives, with a wife

(noun)

Instrumental, masculine, plural of dāra

dāra - wife (often used in plural as a singular)

च (ca) - and, also

(indeclinable)

Conjunction.

ब्रह्मचर्येण (brahmacaryeṇa) - Celibacy (brahmacharya) as a lifelong observance, or the student stage. (by means of celibacy, by the life of a religious student)

(noun)

Instrumental, neuter, singular of brahmacarya

brahmacarya - religious studenthood, celibacy, chaste living

From 'brahman' and 'carya' (conduct).

Compound type : tatpuruṣa (brahman+carya)

• brahman – sacred utterance, the Absolute, the ultimate reality
  noun (neuter)
  Root: bṛh (class 1)
• carya – conduct, practice, observance
  noun (neuter)
  Gerundive
  From root 'car' (to move, to practice).
  Root: car (class 1)

वा (vā) - or, either

(indeclinable)

Conjunction.

पुनः (punaḥ) - again, further, moreover

(indeclinable)

Adverb.

वने (vane) - Refers to the 'vānaprastha' (forest dweller) āśrama. (in the forest)

(noun)

Locative, neuter, singular of vana

vana - forest, wood, grove

Root: van (class 8)

गुरुसकाशे (gurusakāśe) - in the presence of the guru, near the guru

(noun)

Locative, masculine, singular of gurusakāśa

gurusakāśa - presence of the teacher, proximity to the teacher

Compound of 'guru' and 'sakāśa'.

Compound type : ṣaṣṭhī-tatpuruṣa (guru+sakāśa)

• guru – teacher, preceptor, spiritual guide
  noun (masculine)
• sakāśa – presence, proximity, vicinity
  noun (masculine)

Note: This could imply returning to serve a guru again, or a specific path of study/devotion.

यतिधर्मेण (yatidharmeṇa) - by means of the duties of an ascetic, by the conduct of a renunciate

(noun)

Instrumental, masculine, singular of yatidharma

yatidharma - the duty (dharma) or practice of an ascetic (yati), renunciate's code of conduct

Compound of 'yati' and 'dharma'.

Compound type : ṣaṣṭhī-tatpuruṣa (yati+dharma)

• yati – ascetic, renunciate, one who strives for spiritual attainment
  noun (masculine)
  From root 'yam' (to restrain).
  Root: yam (class 1)
• dharma – duty, righteousness, law, intrinsic nature, constitution
  noun (masculine)
  From root 'dhṛ' (to hold, to support).
  Root: dhṛ (class 1)