Varied parameter
Saving rate
5% → 25%
Saving Rate Comparison
Freelancer / Contractor in Cluj-Napoca · Independent and uneven
This page compares financial outcomes for a Freelancer / Contractor living in Cluj-Napoca, Romania, following the Independent and uneven life scenario.
A non-linear income path shaped by project-based work, variability, and self-managed risk. Flexibility is high, but consistency must be actively created rather than assumed.
Cluj-Napoca combines strong tech opportunities with a high quality of life.
The comparison focuses on how changing the Saving rate influences long-term results, while all other assumptions remain constant.
Simulation Overview
Base scenario assumptions
- The simulation starts at age 30 and runs until age 65.
- The initial annual labor income is €21,780.
- Labor income grows annually at an average rate of 4%.
- A labor income tax rate of 10% is applied to gross earnings.
- The saving rate varies between 5% and 25%.
- Minimum annual living expenses are €10,350.
- Savings are invested with stochastic annual returns.
- The average annual return is 5%, with year-to-year variability.
- All values are expressed in real terms, assuming average annual inflation of 3%.
- The simulation includes stochastic life events such as unemployment, and health issue.
- These events may temporarily affect income, expenses, or net worth.
- Financial independence is defined as having net worth equal to 25 times annual expenses.
- Bankruptcy is triggered if net worth remains below €0 for 2 consecutive years.
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Scenario Comparison
Results are shown as a realistic range. P10 represents a pessimistic outcome, while P90 represents an optimistic outcome. Most simulations fall between these two values.
| Scenario | Median Net Worth | P10 Net Worth | P90 Net Worth | FI Probability | FI Median Age |
|---|---|---|---|---|---|
| 5% | 122,816 | 79,341 | 195,919 | 3% | 63 |
| 10% | 261,604 | 168,985 | 410,594 | 54% | 61 |
| 15% | 400,646 | 258,323 | 621,712 | 91% | 58 |
| 20% | 538,792 | 345,877 | 833,164 | 99% | 54 |
| 25% | 675,982 | 434,154 | 1,046,774 | 100% | 52 |
How Your Financial Life Evolves
These charts show how each scenario affects long-term outcomes, including expected wealth, downside risk, and the likelihood of achieving financial independence.
Net Worth Median
Net Worth Range
Fi Probability
Fi Median Age
