"I remember the feeling I had at Valencia when we were getting close to where we wanted to be, and I am getting the same feeling now," said Benitez.
"It cannot be an exact comparison, of course, because it is another country and there are massive differences in the amount of money clubs are investing.
"But there are similarities. At Valencia, I could see the team improving and the balance getting better each year. The mentality became stronger and confidence levels grew higher. The same thing is happening at Liverpool.
"When I look at how things are developing here, I think maybe we won’t need to spend as much as in recent years. We have been signing maybe four, five or six players each year, and perhaps three or four have proved themselves good enough and have settled in.
"When you do that over a few seasons, and you have enough players of the right quality and age, and they are all on long contracts, then you can say the foundations are in place. The basis is there, and we are getting closer all the time.
"We have a balance now and a squad with enough depth to allow me to make changes without fearing I may be sending out a team not good enough to win. There is still room for improvement, and we will keep striving for that, but we really do have good options and a feeling we can manage 60 games a year."