Building a steady stream of income from your savings is a big goal for many investors. If you could fully replace your paycheck with dividends, you could easily retire and even expect to receive annual raises for the rest of your life. And the best part is you wouldn't even have to sell your stocks. You could pass on your holdings to your heirs, gifting them a steady stream of dividends over their lives too.

While $50,000 in annual dividend income may sound like a dream, it's actually well within reach for many investors. And it doesn't require risky bets on ultra-high-yield dividend stocks with precarious payouts. You can get there with just a couple of simple index funds.

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Source Fool.com