//anywhere in your code
...
mState = HIDE_MENU; // setting state
invalidateOptionsMenu(); // now onCreateOptionsMenu(...) is called again
...

@Override
public boolean onCreateOptionsMenu(Menu menu)
{
    // inflate menu from xml
    MenuInflater inflater = getSupportMenuInflater();
    inflater.inflate(R.menu.settings, menu);

    if (mState == HIDE_MENU)
    {
        for (int i = 0; i < menu.size(); i++)
            menu.getItem(i).setVisible(false);
    }
}