Gerrard vowed that the team are committed to coming back stronger next year.
"We need to dust ourselves down and we need to respond to the challenge next year," the skipper told Liverpoolfc.tv. "We need to come back. Football is about highs and lows, it's certainly been a low today.
"We've been fantastic in the cup competitions this year and the players deserve a lot of credit for that. We haven't been good enough in the league this year and we deserve criticism and we need to take criticism like men.
"We need to do better. We're Liverpool Football Club; we're no seventh or eighth in the league. We're better than that."