The standard works-everywhere way is making an exit(0) system call (http://courses.missouristate.edu/kenvollmar/mars/help/syscallhelp.html).
li $v0, 10 # call number
li $a0, 0 # arg
syscall # exit(0)
That also avoids having to save the incoming $ra anywhere in main if you want to use jal inside your program, so it's convenient.
That's also more "realistic" for real-world hand-written asm programs running in a mainstream OS like Linux, not just the "toy" system that MARS/SPIM simulate.
In MARS, apparently dropping off the bottom is a valid option for the "toy" system that it simulates. That never works in any real-hardware CPU, though; there's always something next in memory and the CPU will try to fetch and execute it1.
Neither MARS nor SPIM are trying to emulate a real OS like Linux, just provide their own specific environment2. The systems that MARS vs. SPIM simulate have some minor differences from each other, including the one you found.
Neither one is right or wrong, just different: there is no real-world environment that they're trying to match / emulate.
SPIM might even have an option to include some kernel code or something like that in the simulated system's memory, IIRC. I may be misremembering, but if not then some of the syscall handling might actually be done by more MIPS code, coming closer to a real MIPS CPU running an OS. (As opposed to MARS where the system-call implementation is purely in Java inside the simulator that you're calling into via syscall, not in terms of MIPS instructions and device drivers for simulated hardware.)
Under a real OS (e.g. GNU/Linux with gcc and glibc), main would be a proper function called normally from the _start process entry point (indirectly via __libc_start_main to do some more init stuff before actually calling main). _start is the real process entry point, first instruction that runs in user-space (modulo dynamic linking), and is not a function (no return address anywhere); your only option is to make an exit system call (or crash or keep running forever). When main returns, _start passes its return value (an int thus in $v0) as an arg to the exit library function which does cleanup stuff like flushing stdio buffers, then makes an _exit system call.
Apparently SPIM intends their main label to be like a C main function, or at least it gets a valid return address. IDK if it gets int argc and char *argv[] in $a0 and $a1.
For jr $ra to work, SPIM must be setting the initial $ra to some address, like your main was called from somewhere. You'll probably find code that which copies $v0 to $a0, then makes an exit system call.
Some people do confusingly use main as a name for entry-points that can't return, unfortunately, I think even in real-world embedded development. In standard toolchains for GNU/Linux systems (gcc / clang), the process entry point is by default called _start.
main is confusing because it's the standard name for a C function (called by asm startup stuff), which is allowed to return. Something you can't return from isn't a function, but in C, main definitely is a function. C is the low-level language of Unix/Linux systems programming, and many other languages build on top of that standard toolchain of libc and CRT startup code.
Footnote 1: Most ISAs have rules for how PC can wrap from 0xffffffc to 0 or whatever, so even putting your code at the very end of the address space can't make it stop by itself when reaching the end. Or if it does, it will be some kind of fault, not exiting to the OS. (In this case the MARS or SPIM are acting as the OS, handling the syscall instructions you run among other things). Note that an actual OS on bare metal has no way to "exit", only reset or power-off the machine. It's not running "under" anything it can exit back to.
Footnote 2: With very limited system calls, e.g. no cursor movement, and some syscalls which do things that library functions (not syscalls) would do in a real system, e.g. int<->string conversion. But MARS/SPIM only provide that as part of I/O, no atoi or sprintf(buf, "%d", num). This is why the "toy" label applies, especially to the set of system calls they provide, which is very much not like Linux's set of system calls.
But also to stuff like the simple bitmap graphics MARS has, and to the no-branch-delay default option both MARS and SPIM default to. Real MIPS CPUs have a branch-delay slot, until MIPS32r6 re-arranged the opcodes and provided new no-delay-slot branch instructions.
MARS at least (and maybe SPIM) have pretty limited support for assemble-time constants in their built-in assembler as well, e.g. you can't do .equ or msglen = . - msg to compute a length of a msg: .ascii "hello" at assemble time like you could in GNU assembler for MIPS.
