Build a diversified portfolio to generate your target monthly income
Monthly Income Goal
$2,000
$24,000/year
Portfolio Required
$621,359
At 3.9% blended yield
Projected Income
$2,000
Based on allocation
Diversification
5/5
Asset categories
Adjust the percentage allocated to each category
Dividend Growth
Lower yield, higher dividend growth rate
Examples: MSFT, V, HD, ABBV, dividend growth ETFs (VIG, DGRO)
$155,340
$3,107/yr
Core Income
Balanced yield and growth, blue chip stocks
Examples: JNJ, PG, KO, PEP, high dividend ETFs (VYM, SCHD)
$217,476
$7,068/yr
High Yield
Higher yield, slower growth, established companies
Examples: T, VZ, MO, utilities, telecom stocks
$124,272
$6,214/yr
REITs
Real estate income, taxed as ordinary income
Examples: O, VNQ, SCHH, data center REITs, industrial REITs
$93,204
$5,126/yr
Fixed Income/BDCs
Highest yield, less growth, more volatility
Examples: MAIN, ARCC, preferred stocks, bond funds
$31,068
$2,485/yr
Monthly Income
$2,000
Annual Income
$24,000
Blended Yield
3.86%
Yield vs Stability Trade-off
Start with dividend ETFs for instant diversification, then add individual stocks
Hold REITs and high-yield investments in tax-advantaged accounts
Don't chase yield - balance income with dividend growth potential
Reinvest dividends until you need the income for expenses
Find the best platform to start building your dividend income stream.