- IUB Athletics Hall of Fame (2011)
- Stahr Senior Award (1973)
Ritter won basketball letters in 1947, 1948 and 1949. He led the team in scoring in 1948 and was captain in 1949. He also won baseball letters in 1947, 1948 and 1949. In baseball, Ritter was a First Team All-Big Ten selection and a First Team All-American in 1949, when IU won a share of the Big Ten championship. Ritter received IU's Balfour Award in baseball and the school's Gimbel Award in 1949. He ranks eighth on the IU career batting average list with .389.