In Zimbabwe, many people push the thought of retirement to “one day”, after all, there are more pressing financial obligations that people deal with on a daily for example, school fees, medical bills, groceries, and navigating daily economic shifts. But here’s the reality: retirement isn’t a far-off event, it’s a destination we’re all moving toward.
Whether you’re 25 or 50, the time to plan is now. At NMB Bank Zimbabwe, we believe in empowering you with practical, achievable strategies that prepare you for a financially secure and dignified retirement, no matter the starting point.
Why Start Now? Zimbabwe’s Unique Retirement Reality
Unlike in some countries where state pensions or social security cover retirement living, Zimbabweans rely heavily on personal savings, investments, family businesses, and real estate to sustain life after work. But with rising life expectancy, inflation, and currency fluctuations, many find themselves unprepared when retirement arrives.
Delaying your retirement plan means:
- Having to work longer than you want.
- Relying on children or extended family.
- Sacrificing your desired lifestyle.
- Starting now means taking control.
NMB Bank’s 5-Step Retirement Planning Guide for Zimbabweans
Step 1️: Visualise Your Retirement Lifestyle
Do you want to farm? Travel? Live quietly? Help your grandchildren through school? Your retirement plan must match your personal goals.
NMB Tip: Speak to our Financial Advisors to map out your retirement lifestyle and what it will cost in today’s and tomorrow’s currency realities.
Step 2️: Build Multi-Currency Savings
In Zimbabwe’s dual currency environment, your retirement savings need to be diversified. Local currency-only savings may erode over time due to inflation. Holding USD savings provides stability, while ZWG allows you to meet local obligations.
NMB Solution: Open both USD and ZWL Savings or Fixed Deposit Accounts. Use the power of currency diversification to protect your future.
Step 3️: Invest in Real Estate – Secure Your Retirement Anchor
Real estate remains one of the most trusted wealth preservation vehicles in Zimbabwe. Land appreciates, property rents generate income, and home ownership reduces your living expenses later in life.
NMB Properties: Through our real estate arm, you can invest in affordable residential stands and housing projects designed for long-term security. Our flexible payment plans (mortgages) allow you to build your property portfolio even as you work.
Step 4️: Create Passive Income Streams
Retirement should not mean zero income. Explore investments that continue to generate income even when you stop working.
NMB Advisory Services: Our team can guide you on diversifying into small business investments, farming partnerships, and rental properties to ensure cash flow during retirement.
Step 5️: Protect Your Health and Wealth
Medical expenses increase with age. Insurance cover today means fewer financial shocks tomorrow.
NMB Sure Insurance: Access our, funeral cover, and life insurance products that ensure you and your family are protected no matter what life brings.
The Power of Compound Growth, Even in Zimbabwe!
While many Zimbabweans fear inflation, the principle of starting small and growing steadily remains timeless. The earlier you start, the longer your savings and investments have time to grow even if you only start with $20 or $50 a month.
Retirement is Not an Age; It’s a Plan
At NMB Bank, we believe every Zimbabwean deserves a dignified, financially secure retirement. That’s why we’ve combined expert financial planning, innovative savings solutions, real estate opportunities, and insurance protection all under one roof.
Whether you are formally employed, self-employed, or a hustler building your business, your retirement planning starts NOW. And with NMB by your side, you're never planning alone.
✅ Visit your nearest NMB Bank branch or contact your Relationship Manager to start your Retirement Planning Consultation today.
NMB Bank Zimbabwe — Your Wealth Partner for Life.