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It's helped millions plan for—and pay for—retirement 

Since its creation in 1952, the CREF Stock Account has helped millions of Americans build retirement assets through wars, recessions and many market cycles.

  • It’s posted a positive average annual return in every 20-year rolling period—that’s 480 separate time periods—since July 1952.1
  • For example, an investment of $10,000 in July 1992 would have grown to $43,559 in the 20-year period ended June 30, 2012. That’s an average annual total return of 7.6% for the period. Of course, past performance is no guarantee of future results.
  • As of June 30, 2012, nearly 6,000 TIAA-CREF participants with a current allocation to CREF Stock had account balances of more than $1,000,000. (This may not be the experience of every investor; there are a number of factors that contribute to the growth of an account, including participant and employer contribution rates.)

A timely solution that’s withstood the test of time

The CREF Stock Account was created to seek growth that outpaces inflation, and it’s done just that. From its inception in July 1952 through June 30, 2012, the account produced an average annual total return of 9.6%—nearly six percentage points above the inflation rate over those 60 years.2 As of that date, the account had $101 billion in assets under management, giving it important economies of scale—its expense charge is less than half the industry average.3 As a result, CREF participants keep more of what they earn.

Average annual total return as of June 30, 2012

Estimated Annual
Operating Expenses
-2.71% -1.26% 5.50% 9.63% 0.49%4

To learn how the CREF Stock Account can help your retirement strategy, please call
800 842-2252

Plan sponsors are invited to contact their relationship manager or call 888 842-7782.


An all-in-one stock portfolio with a global reach

The portfolio has continually evolved, greatly expanding the breadth of its diversification.

  • The account’s global portfolio now has nearly 9,500 separate holdings, including stocks of companies of every size and stretching across industry sectors, national borders and world currencies.
  • With access to stocks throughout the world’s developed and emerging markets, the account can serve as an investor’s sole equity-based investment. While diversification cannot guarantee against possible loss, it can help investors benefit when one area of the stock market does especially well.
  • A diversified strategy requires rebalancing to stay on course. The account’s managers monitor the portfolio carefully, keeping company, sector and national weightings on target to guard against unintended risks.

Something no mutual fund can offer: a lifetime of income

As a variable annuity, CREF Stock offers lifetime income in a variety of forms. Your assets remain invested while you receive retirement income, and, while the amount can vary, that income can continue for the whole course of your life.


Payments from variable annuity accounts are not guaranteed and will rise or fall on investment performance.

Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value.

The performance data quoted represents past performance, and is no guarantee of future results. Your returns and the principal value of your investment will fluctuate so that your accumulation units, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted above. For investments with exceptional performance, please note that performance fluctuates and currently may be lower than noted here. For performance current to the most recent month-end, visit the TIAA-CREF website at www.tiaa-cref.org, or call 877 518-9161. 

1 These 480 time periods are the 20-year rolling periods from July 1952 to June 2012. The return of each period is calculated on the basis of the account's consecutive monthly returns during that 20-year period.

2 The average annual inflation rate for the 60-year period was 3.7%, according to the Consumer Price Index for All Urban Consumers, compiled by the U.S. Department of Labor.

3 Morningstar Direct (March 31, 2012), based on Morningstar expense comparisons by category. 

4 The estimated annual operating expenses are taken from the account’s latest prospectus. Expenses are estimated each year based on projected expense and asset levels. Differences between actual expenses and the estimate are adjusted quarterly and are reflected in current investment results.

The “inception date” of the CREF Stock Account, July 31, 1952, is the date as of which the first unit value was determined for the Account. The Account did, however, commence some operations on July 1, 1952.

© 2014 and prior years, Teachers Insurance and Annuity Association - College Retirement Equities Fund (TIAA-CREF), New York, NY 10017