Living off dividend income can be a great goal to strive for in retirement. Expenses are often lower during your retirement years, and generating $50,000 in annual dividends can help you live comfortably.

And while that is not a small amount of dividend income, generating that much in the future may not be as daunting of a challenge as it appears to be. Here's a look at how investing $50 per week can help fund your retirement years.

Dividend stocks can be safe options for investors on a fixed income who need stability. But if you're looking at an investing period the spans decades, then growth stocks can be a much better option for you. That's because while there might be volatility and bad years along the way, that should balance out over the long term.

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Source Fool.com