La Roja endured a torrid defence of the World Cup they secured in South Africa in 2010, exiting the tournament in Brazil at the group stages after damaging 5-1 and 2-0 losses to the Netherlands and Chile respectively.
Despite the underwhelming performances that his team delivered last month, Del Bosque insists that he has no desire to step down and enjoys the continued backing of the Spanish FA.
"We can do a lot better and get back on the right lines," the 63-year-old told reporters in Spain.
"We will try to defend our title at the next European Championship. A drastic revolution is not necessary, instead we must continue on the same path with some minor changes."
The former Real Madrid head coach replaced Luis Aragones after Spain's Euro 2008 win, guiding them to success in both Euro 2012 and the 2010 World Cup.
"I have been in contact with the federation during this period of reflection and they have considered that the previous six years were more important than two bad matches," said Del Bosque, whose contract runs until 2016.
"The federation is positive and they value my work. We are feeling strong and we are going to continue with our work as before.
"We are planning the games ahead knowing that we will need to make some changes to the team as we have done in the past."