0000930413-12-005763.txt : 20121016 0000930413-12-005763.hdr.sgml : 20121016 20121016143727 ACCESSION NUMBER: 0000930413-12-005763 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121016 DATE AS OF CHANGE: 20121016 EFFECTIVENESS DATE: 20121016 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIAA-CREF FUNDS CENTRAL INDEX KEY: 0001084380 IRS NUMBER: 134055167 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-76651 FILM NUMBER: 121146034 BUSINESS ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129166746 MAIL ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: TIAA CREF INSTITUTIONAL MUTUAL FUNDS DATE OF NAME CHANGE: 19990415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TIAA-CREF FUNDS CENTRAL INDEX KEY: 0001084380 IRS NUMBER: 134055167 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-09301 FILM NUMBER: 121146035 BUSINESS ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 BUSINESS PHONE: 2129166746 MAIL ADDRESS: STREET 1: 730 THIRD AVE. CITY: NEW YORK STATE: NY ZIP: 10017 FORMER COMPANY: FORMER CONFORMED NAME: TIAA CREF INSTITUTIONAL MUTUAL FUNDS DATE OF NAME CHANGE: 19990415 0001084380 S000005375 TIAA-CREF Lifecycle 2010 Fund C000014639 Retirement Class TCLEX C000047972 Institutional Class TCTIX C000079559 Premier Class TCTPX 0001084380 S000005376 TIAA-CREF Lifecycle 2015 Fund C000014640 Retirement Class TCLIX C000047973 Institutional Class TCNIX C000079560 Premier Class TCFPX 0001084380 S000005377 TIAA-CREF Lifecycle 2020 Fund C000014641 Retirement Class TCLTX C000047974 Institutional Class TCWIX C000079561 Premier Class TCWPX 0001084380 S000005378 TIAA-CREF Lifecycle 2025 Fund C000014642 Retirement Class TCLFX C000047975 Institutional Class TCYIX C000079562 Premier Class TCQPX 0001084380 S000005379 TIAA-CREF Lifecycle 2030 Fund C000014643 Retirement Class TCLNX C000047976 Institutional Class TCRIX C000079563 Premier Class TCHPX 0001084380 S000005380 TIAA-CREF Lifecycle 2035 Fund C000014644 Retirement Class TCLRX C000047977 Institutional Class TCIIX C000079564 Premier Class TCYPX 0001084380 S000005382 TIAA-CREF Lifecycle 2040 Fund C000014647 Retirement Class TCLOX C000047978 Institutional Class TCOIX C000079566 Premier Class TCZPX 0001084380 S000012194 TIAA-CREF Managed Allocation Fund C000033271 Retail Class TIMRX C000033272 Retirement Class TITRX C000033273 Institutional Class TIMIX 0001084380 S000019659 TIAA-CREF Lifecycle 2045 Fund C000054991 Institutional Class TTFIX C000054992 Retirement Class TTFRX C000079575 Premier Class TTFPX 0001084380 S000019660 TIAA-CREF Lifecycle 2050 Fund C000054993 Institutional Class TFTIX C000054994 Retirement Class TLFRX C000079576 Premier Class TCLPX 0001084380 S000019661 TIAA-CREF Lifecycle Retirement Income Fund C000054995 Retail Class TLRRX C000054996 Institutional Class TLRIX C000054997 Retirement Class TLIRX C000079577 Premier Class TPILX 0001084380 S000026498 TIAA-CREF Lifecycle Index 2010 Fund C000079517 Institutional Class TLTIX C000079518 Premier Class TLTPX C000079519 Retirement Class TLTRX 0001084380 S000026499 TIAA-CREF Lifecycle Index Retirement Income Fund C000079520 Institutional Class TRILX C000079521 Premier Class TLIPX C000079522 Retirement Class TRCIX 0001084380 S000026501 TIAA-CREF Lifecycle Index 2015 Fund C000079527 Institutional Class TLFIX C000079528 Premier Class TLFPX C000079529 Retirement Class TLGRX 0001084380 S000026502 TIAA-CREF Lifecycle Index 2020 Fund C000079530 Institutional Class TLWIX C000079531 Premier Class TLWPX C000079532 Retirement Class TLWRX 0001084380 S000026503 TIAA-CREF Lifecycle Index 2025 Fund C000079533 Institutional Class TLQIX C000079534 Premier Class TLVPX C000079535 Retirement Class TLQRX 0001084380 S000026504 TIAA-CREF Lifecycle Index 2030 Fund C000079536 Institutional Class TLHIX C000079537 Premier Class TLHPX C000079538 Retirement Class TLHRX 0001084380 S000026505 TIAA-CREF Lifecycle Index 2035 Fund C000079539 Institutional Class TLYIX C000079540 Premier Class TLYPX C000079541 Retirement Class TLYRX 0001084380 S000026506 TIAA-CREF Lifecycle Index 2040 Fund C000079542 Institutional Class TLZIX C000079543 Premier Class TLPRX C000079544 Retirement Class TLZRX 0001084380 S000026507 TIAA-CREF Lifecycle Index 2045 Fund C000079545 Institutional Class TLXIX C000079546 Premier Class TLMPX C000079547 Retirement Class TLMRX 0001084380 S000026508 TIAA-CREF Lifecycle Index 2050 Fund C000079548 Institutional Class TLLIX C000079549 Premier Class TLLPX C000079550 Retirement Class TLLRX 0001084380 S000031926 TIAA-CREF LIFECYCLE INDEX 2055 FUND C000099413 RETIREMENT CLASS TTIRX C000099414 INSTITUTIONAL CLASS TTIIX C000099415 PREMIER CLASS TTIPX 0001084380 S000031927 TIAA-CREF LIFECYCLE 2055 FUND C000099416 RETIREMENT CLASS TTRLX C000099417 INSTITUTIONAL CLASS TTRIX C000099418 PREMIER CLASS TTRPX 0001084380 S000034958 TIAA-CREF Lifestyle Aggressive Growth Fund C000107517 Institutional Class TSAIX C000107518 Premier Class TSAPX C000107519 Retail Class TSALX C000107520 Retirement Class TSARX 0001084380 S000034959 TIAA-CREF Lifestyle Conservative Fund C000107521 Institutional Class TCSIX C000107522 Premier Class TLSPX C000107523 Retail Class TSCLX C000107524 Retirement Class TSCTX 0001084380 S000034960 TIAA-CREF Lifestyle Growth Fund C000107525 Premier Class TSGPX C000107526 Retail Class TSGLX C000107527 Retirement Class TSGRX C000107528 Institutional Class TSGGX 0001084380 S000034961 TIAA-CREF Lifestyle Income Fund C000107529 Institutional Class TSITX C000107530 Premier Class TSIPX C000107531 Retail Class TSILX C000107532 Retirement Class TLSRX 0001084380 S000034962 TIAA-CREF Lifestyle Moderate Fund C000107533 Institutional Class TSIMX C000107534 Premier Class TSMPX C000107535 Retail Class TSMLX C000107536 Retirement Class TSMTX 485BPOS 1 c70788_485bpos.htm

As filed with the Securities and Exchange Commission on October 16, 2012
File Nos. 333-76651, 811-09301

 

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-1A

     
  REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 x
  Pre-Effective Amendment No. o
  Post-Effective Amendment No. 63 x
  and/or  
  REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT x
  OF 1940  
  Amendment No. 66 x
  (Check appropriate box or boxes)  

TIAA-CREF Funds
(Exact Name of Registrant as Specified in Charter)

730 Third Avenue
New York, New York 10017-3206

(Address of Principal Executive Offices) (Zip Code)
Registrant’s Telephone Number, including Area Code: (800) 842-2733

Stewart P. Greene, Esq.
TIAA-CREF Funds
730 Third Avenue
New York, New York 10017-3206
(Name and Address of Agent for Service)

Copy to:
Jeffrey S. Puretz, Esq.
Dechert LLP
1775 I Street, N.W.
Washington, D.C. 20006-2401

Approximate Date of Proposed Public Offering:
As soon as practicable after effectiveness of the Registration Statement.

It is proposed that this filing will become effective (check appropriate box):

o Immediately upon filing pursuant to paragraph (b)

x On October 16, 2012 pursuant to paragraph (b)

o 60 days after filing pursuant to paragraph (a)(1)

o 75 days after filing pursuant to paragraph (a)(2)

o On (date) pursuant to paragraph (a)(1)

o On (date) pursuant to paragraph (a)(2) of rule 485

If appropriate, check the following box:

o This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

Explanatory Note

This post-effective amendment on Form 485BPOS is being submitted for the sole purpose of furnishing, in Exhibit 101, XBRL Interactive Data for the related official 485BPOS filing which was submitted to the Commission on September 28, 2012.

No other changes have been made to the Form 485BPOS. This Form 485BPOS does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update any related disclosures made in the related official Form 485BPOS.

Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files on Exhibit 101 hereto are deemed not filed or part of a registration statement or prospectus for purposes of Sections 11 or 12 of the Securities Act of 1933, as amended, are deemed not filed for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, and otherwise are not subject to liability under those sections.


SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, TIAA-CREF Funds certifies that it meets all the requirements for effectiveness of this Registration Statement under Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, duly authorized, in the City of New York, and State of New York on the 16 day of October, 2012.

   
  TIAA-CREF FUNDS
     
  By:  /s/ Roger W. Ferguson, Jr.  
  Name: Roger E. Ferguson, Jr.
  Title: Principal Executive Officer and President

Pursuant to the requirements of the Securities Act, this registration statement has been signed below by the following persons in the capacities and on the dates indicated.

     
Signature               Title                           Date            
     
/s/ Roger W. Ferguson, Jr.   Principal Executive Officer and President October 16, 2012
Roger W. Ferguson, Jr. (Principal Executive Officer)  
     
/s/ Phillip G. Goff   Principal Financial Officer, October 16, 2012
Phillip G. Goff Principal Accounting Officer and Treasurer  
  (Principal Financial and Accounting Officer)  
               

 


 

SIGNATURE OF TRUSTEE   DATE   SIGNATURE OF TRUSTEE   DATE
             
             
*   October  16,  2012   *   October  16,  2012
Forrest Berkley       Thomas J. Kenny    
             
*   October  16,  2012   *   October  16,  2012
Nancy Eckl       Bridget A. Macaskill    
             
*   October  16,  2012   *   October  16,  2012
Michael A. Forrester       James M. Poterba    
             
*   October  16,  2012   *   October  16,  2012
Howell E. Jackson       Maceo K. Sloan    
             
*   October  16,  2012   *   October  16,  2012
Nancy L. Jacobs       Laura T. Starks    
             
             
/s/ Stewart P. Greene   October  16,  2012        
Stewart P. Greene            
as attorney-in-fact            
             

* Signed by Stewart P. Greene pursuant to powers of attorney previously filed with the Securities and Exchange Commission.

 


EXHIBIT LIST

 

 

101.     INS XBRL Instance Document

101.     SCH XBRL Taxonomy Extension Schema

101.     DEF XBRL Taxonomy Extension Definition Linkbase

101.     LAB XBRL Taxonomy Extension Label Linkbase

101.     PRE XBRL Taxonomy Extension Presentation Linkbase


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cik0001084380:C000107533Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034960Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034960Member cik0001084380:C000107526Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034960Member cik0001084380:C000107527Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034960Member cik0001084380:C000107525Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034960Member cik0001084380:C000107528Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034958Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034958Member cik0001084380:C000107519Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034958Member cik0001084380:C000107520Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034958Member cik0001084380:C000107518Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000034958Member cik0001084380:C000107517Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000012194Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000012194Member cik0001084380:C000033273Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000012194Member rr:AfterTaxesOnDistributionsMember cik0001084380:C000033273Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000012194Member rr:AfterTaxesOnDistributionsAndSalesMember cik0001084380:C000033273Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000012194Member cik0001084380:C000033271Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000012194Member cik0001084380:C000033272Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000012194Member cik0001084380:index__Russell_3000_Index_reflects_no_deductions_for_fees_expenses_or_taxes_Member 2012-06-30 2012-06-30 0001084380 cik0001084380:S000012194Member cik0001084380:index__Managed_Allocation_Fund_Composite_Index_reflects_no_deductions_for_fees_expenses_or_taxes_Member 2012-06-30 2012-06-30 xbrli:pure iso4217:USD The performance shown for the Premier Class that is prior to its inception date is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Retirement Income Fund Composite Index consisted of: 40.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; 10.0% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retail Class of the Fund has adopted a Distribution (12b-1) Plan that pays the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retail Class shares at the annual rate of up to 0.25% of average daily net assets attributable to Retail Class shares. The fees shown in the chart have been restated to reflect current fees. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that pays the Fund's distributor, TPIS, for providing distribution, promotional and/or shareholder services to the Retirement Class shares at the annual rate up to 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retail Class shares; (ii) 0.25% of average daily net assets for Retirement Class shares; (iii) 0.15% of average daily net assets for Premier Class shares; and (iv) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle 2010 Fund Composite Index consisted of: 38.3% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; 6.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 35.2% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; 4.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 31.2% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; 2.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.2% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; 0.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 19.9% MSCI EAFE + Emerging Markets Index; and 20.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The performance shown for the Premier Class that is prior to its inception date is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The performance shown for the Premier Class that is prior to its inception date is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Premier Class. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index Retirement Income Fund Composite Index consisted of: 50.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.05%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index 2010 Fund Composite Index consisted of: 44.9% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.04%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 39.8% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.03%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 33.8% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.03%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.8% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.02%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 20.4% Barclays U.S. Aggregate Bond Index; and 19.9% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Retirement Class. As of the close of business on December 31, 2011, the Lifecycle Index 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees. Other Expenses are estimates for the current fiscal year. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Other Expenses are estimates for the current fiscal year. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Other Expenses are estimates for the current fiscal year. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Other Expenses are estimates for the current fiscal year. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Other Expenses are estimates for the current fiscal year. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. Performance is calculated from the inception date of the Institutional Class. As of the close of business on December 31, 2011, the Managed Allocation Fund Composite Index consisted of: 45.0% Russell 3000 Index; 40.0% Barclays U.S. Aggregate Bond Index; and 15.0% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. The Retail Class of the Fund has adopted a Distribution (12b-1) Plan that pays the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retail Class shares at the annual rate of up to 0.25% of average daily net assets attributable to Retail Class shares. The fees shown in the chart have been restated to reflect current fees. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retail Class shares; (ii) 0.25% of average daily net assets for Retirement Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees. TIAA-CREF FUNDS 485BPOS false 0001084380 2012-06-30 2012-09-28 2012-10-01 2012-10-01 TIAA-CREF Lifecycle Retirement Income Fund PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional, Retail and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Retirement Income Fund -0.1749 0.1608 0.1044 0.0241 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20004 column dei_LegalEntityAxis compact cik0001084380_S000019661Member column rr_ProspectusShareClassAxis compact cik0001084380_C000054997Member row primary compact * ~ Best Quarter: 0.0888 2009-09-30 Worst Quarter: -0.0781 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0530 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 8.88%, for the quarter ended September 30, 2009. Worst quarter: -7.81%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.30%.</font> </p> 0.0241 0.0198 0.0151 0.0103 0.0169 0.0116 0.0278 0.0226 0.0247 0.0213 0.0264 0.0207 0.0784 0.0632 0.0403 0.0295 2009-09-30 2007-11-30 2007-11-30 2007-11-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20005 column dei_LegalEntityAxis compact cik0001084380_S000019661Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.7%"> &#160; </td> <td style="WIDTH: 54.11%"> &#160; </td> <td style="WIDTH: 15.01%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.26%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.94%"> &#160; </td> <td style="WIDTH: 3.68%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.7%"> &#160; </td> <td style="WIDTH: 54.11%"> &#160; </td> <td style="WIDTH: 15.01%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.26%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.94%"> &#160; </td> <td style="WIDTH: 3.68%"> &#160; </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. As of the close of business on December 31, 2011, the Lifecycle Retirement Income Fund Composite Index consisted of: 40.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; 10.0% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 65 65 55 40 261 263 221 173 473 477 401 318 1084 1095 922 741 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20003 column dei_LegalEntityAxis compact cik0001084380_S000019661Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15 0 0 0 0.0010 0.0010 0.0010 0.0010 0.0025 0.0005 0.0015 0.0016 0.0037 0.0012 0.0012 0.0039 0.0039 0.0039 0.0039 0.0090 0.0091 0.0076 0.0061 -0.0026 -0.0027 -0.0022 -0.0022 0.0064 0.0064 0.0054 0.0039 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20001 column dei_LegalEntityAxis compact cik0001084380_S000019661Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20002 column dei_LegalEntityAxis compact cik0001084380_S000019661Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 The fees shown in the chart have been restated to reflect current fees. ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 13% of the average value of its portfolio. </p> 0.13 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Retirement Income Fund seeks high total return over time primarily through income,</p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">with a secondary emphasis on capital appreciation. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which may change, are approximately as follows: U.S. Equity: 30.00%; International Equity: 10.00%; Fixed-Income: 40.00%; Short-Term Fixed-Income: 10.00%; and Inflation-Protected Assets: 10.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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</td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; 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There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle 2010 Fund 0.0423 0.0839 0.0920 -0.2357 0.1936 0.1153 0.0148 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20011 column dei_LegalEntityAxis compact cik0001084380_S000005375Member column rr_ProspectusShareClassAxis compact cik0001084380_C000014639Member row primary compact * ~ Best Quarter: 0.1087 2009-06-30 Worst Quarter: -0.1104 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0569 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 10.87%, for the quarter ended June 30, 2009. Worst quarter: -11.04%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.69%.</font> </p> 0.0148 0.0243 0.0433 0.0069 0.0165 0.0344 0.0110 0.0168 0.0327 0.0169 0.0268 0.0450 0.0158 0.0247 0.0435 0.0784 0.0650 0.0549 0.0310 0.0278 0.0478 2004-10-15 2009-09-30 2007-01-17 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20012 column dei_LegalEntityAxis compact cik0001084380_S000005375Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle 2010 Fund Composite Index consisted of: 38.3% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; 6.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0029 0.0004 0.0004 0.0041 0.0041 0.0041 0.0085 0.0070 0.0055 -0.0019 -0.0014 -0.0014 0.0066 0.0056 0.0041 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20008 column dei_LegalEntityAxis compact cik0001084380_S000005375Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20009 column dei_LegalEntityAxis compact cik0001084380_S000005375Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 67 57 42 252 210 162 453 376 293 1031 857 676 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20010 column dei_LegalEntityAxis compact cik0001084380_S000005375Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 13% of the average value of its portfolio. </p> 0.13 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2010 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 47.00% of its assets to equity Underlying Funds and 53.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2010 and will reach the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 35.25%; International Equity: 11.75%; Fixed-Income: 38.60%; Short-Term Fixed-Income: 7.20%; and Inflation-Protected Assets: 7.20%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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</td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>High-Yield Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 0.89% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Plus Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 0.89% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Short-Term<br /> Fixed-Income </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; 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VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Inflation-Protected<br /> Assets </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 6.55% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Inflation-Linked Bond Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 6.55% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 15.83%"> &#160; </td> <td style="WIDTH: 18.96%"> &#160; </td> <td style="WIDTH: 11.44%"> &#160; </td> <td style="WIDTH: 43.25%"> &#160; </td> <td style="WIDTH: 10.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: center; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle 2015 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle 2015 Fund 0.0423 0.0940 0.0946 -0.2694 0.2132 0.1236 0.0046 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20018 column dei_LegalEntityAxis compact cik0001084380_S000005376Member column rr_ProspectusShareClassAxis compact cik0001084380_C000014640Member row primary compact * ~ Best Quarter: 0.1239 2009-06-30 Worst Quarter: -0.1297 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0613 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 12.39%, for the quarter ended June 30, 2009. Worst quarter: -12.97%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.13%.</font> </p> 0.0046 0.0183 0.0418 -0.0054 0.0106 0.0330 0.0083 0.0122 0.0318 0.0074 0.0210 0.0437 0.0065 0.0189 0.0422 0.0103 -0.0001 0.0434 0.0233 0.0215 0.0462 2007-01-17 2009-09-30 2004-10-15 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20019 column dei_LegalEntityAxis compact cik0001084380_S000005376Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 35.2% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; 4.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0028 0.0003 0.0003 0.0042 0.0042 0.0042 0.0085 0.0070 0.0055 -0.0018 -0.0013 -0.0013 0.0067 0.0057 0.0042 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20015 column dei_LegalEntityAxis compact cik0001084380_S000005376Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20016 column dei_LegalEntityAxis compact cik0001084380_S000005376Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 68 58 43 253 211 163 454 377 294 1032 858 677 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20017 column dei_LegalEntityAxis compact cik0001084380_S000005376Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 11% of the average value of its portfolio. </p> 0.11 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2015 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 53.20% of its assets to equity Underlying Funds and 46.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2015 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 39.90%; International Equity: 13.30%; Fixed-Income: 36.40%; Short-Term Fixed-Income: 5.20%; and Inflation-Protected Assets: 5.20%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Inflation-Protected<br /> Assets </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 4.61% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; 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VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: center; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle 2020 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle 2020 Fund 0.0477 0.1026 0.0922 -0.3033 0.2315 0.1315 -0.0052 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20025 column dei_LegalEntityAxis compact cik0001084380_S000005377Member column rr_ProspectusShareClassAxis compact cik0001084380_C000014641Member row primary compact * ~ Best Quarter: 0.1385 2009-06-30 Worst Quarter: -0.1495 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0650 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 13.85%, for the quarter ended June 30, 2009. Worst quarter: -14.95%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.50%.</font> </p> -0.0052 0.0107 0.0387 -0.0140 0.0038 0.0304 0.0014 0.0062 0.0295 -0.0029 0.0131 0.0404 -0.0049 0.0112 0.0390 0.0103 -0.0001 0.0434 0.0147 0.0143 0.0432 2007-01-17 2009-09-30 2004-10-15 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20026 column dei_LegalEntityAxis compact cik0001084380_S000005377Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 31.2% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; 2.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0028 0.0003 0.0003 0.0044 0.0044 0.0044 0.0087 0.0072 0.0057 -0.0018 -0.0013 -0.0013 0.0069 0.0059 0.0044 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20022 column dei_LegalEntityAxis compact cik0001084380_S000005377Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20023 column dei_LegalEntityAxis compact cik0001084380_S000005377Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 70 60 45 260 217 170 465 388 305 1056 882 701 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20024 column dei_LegalEntityAxis compact cik0001084380_S000005377Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 8% of the average value of its portfolio. </p> 0.08 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2020 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 61.20% of its assets to equity Underlying Funds and 38.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2020 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 45.90%; International Equity: 15.30%; Fixed-Income: 32.40%; Short-Term Fixed-Income: 3.20%; and Inflation-Protected Assets: 3.20%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund, and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Inflation-Protected<br /> Assets </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 2.68% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Inflation-Linked Bond Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 2.68% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 15.83%"> &#160; </td> <td style="WIDTH: 18.96%"> &#160; </td> <td style="WIDTH: 11.44%"> &#160; </td> <td style="WIDTH: 43.25%"> &#160; </td> <td style="WIDTH: 10.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: center; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle 2025 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle 2025 Fund 0.0507 0.1078 0.0933 -0.3348 0.2496 0.1388 -0.0156 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20032 column dei_LegalEntityAxis compact cik0001084380_S000005378Member column rr_ProspectusShareClassAxis compact cik0001084380_C000014642Member row primary compact * ~ Best Quarter: 0.1533 2009-06-30 Worst Quarter: -0.1697 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0692 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 15.33%, for the quarter ended June 30, 2009. Worst quarter: -16.97%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.92%.</font> </p> -0.0156 0.0037 0.0357 -0.0234 -0.0024 0.0278 -0.0055 0.0007 0.0271 -0.0129 0.0062 0.0374 -0.0151 0.0038 0.0357 0.0103 -0.0001 0.0434 0.0060 0.0072 0.0401 2007-01-17 2009-09-30 2004-10-15 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20033 column dei_LegalEntityAxis compact cik0001084380_S000005378Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.2% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; 0.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0028 0.0003 0.0003 0.0046 0.0046 0.0046 0.0089 0.0074 0.0059 -0.0018 -0.0013 -0.0013 0.0071 0.0061 0.0046 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20029 column dei_LegalEntityAxis compact cik0001084380_S000005378Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20030 column dei_LegalEntityAxis compact cik0001084380_S000005378Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 73 62 47 266 223 176 475 399 316 1080 906 725 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20031 column dei_LegalEntityAxis compact cik0001084380_S000005378Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 7% of the average value of its portfolio. </p> 0.07 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2025 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 69.20% of its assets to equity Underlying Funds and 30.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2025 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 51.90%; International Equity: 17.30%; Fixed-Income: 28.40%; Short-Term Fixed-Income: 1.20%; and Inflation-Protected Assets: 1.20%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Inflation-Protected<br /> Assets </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 0.76% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; 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VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: center; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle 2030 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle 2030 Fund 0.0490 0.1172 0.0939 -0.3654 0.2670 0.1439 -0.0261 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20039 column dei_LegalEntityAxis compact cik0001084380_S000005379Member column rr_ProspectusShareClassAxis compact cik0001084380_C000014643Member row primary compact * ~ Best Quarter: 0.1662 2009-06-30 Worst Quarter: -0.1905 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0736 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 16.62%, for the quarter ended June 30, 2009. Worst quarter: -19.05%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.36%.</font> </p> -0.0261 -0.0040 0.0317 -0.0327 -0.0096 0.0244 -0.0129 -0.0055 0.0241 -0.0232 -0.0014 0.0336 -0.0243 -0.0036 0.0321 0.0103 -0.0001 0.0434 -0.0028 0.0000 0.0370 2007-01-17 2009-09-30 2004-10-15 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20040 column dei_LegalEntityAxis compact cik0001084380_S000005379Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 19.9% MSCI EAFE + Emerging Markets Index; and 20.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0028 0.0003 0.0003 0.0047 0.0047 0.0047 0.0090 0.0075 0.0060 -0.0018 -0.0013 -0.0013 0.0072 0.0062 0.0047 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20036 column dei_LegalEntityAxis compact cik0001084380_S000005379Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20037 column dei_LegalEntityAxis compact cik0001084380_S000005379Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 74 63 48 269 227 179 481 404 322 1091 918 738 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20038 column dei_LegalEntityAxis compact cik0001084380_S000005379Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 5% of the average value of its portfolio. </p> 0.05 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2030 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 77.20% of its assets to equity Underlying Funds and 22.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2030 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 57.90%; International Equity: 19.30%; Fixed-Income: 22.80%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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</td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Plus Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 5.85% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; 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FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle 2035 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle 2035 Fund 0.0516 0.1247 0.0971 -0.3818 0.2830 0.1502 -0.0355 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20046 column dei_LegalEntityAxis compact cik0001084380_S000005380Member column rr_ProspectusShareClassAxis compact cik0001084380_C000014644Member row primary compact * ~ Best Quarter: 0.1755 2009-06-30 Worst Quarter: -0.2030 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0757 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 17.55%, for the quarter ended June 30, 2009. Worst quarter: -20.30%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.57%.</font> </p> -0.0355 -0.0070 0.0315 -0.0412 -0.0122 0.0243 -0.0189 -0.0077 0.0241 -0.0337 -0.0047 0.0332 -0.0358 -0.0066 0.0318 0.0103 -0.0001 0.0434 -0.0117 -0.0032 0.0367 2004-10-15 2007-01-17 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20047 column dei_LegalEntityAxis compact cik0001084380_S000005380Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table> <tr> <td style="VERTICAL-ALIGN: top" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0028 0.0003 0.0003 0.0048 0.0048 0.0048 0.0091 0.0076 0.0061 -0.0018 -0.0013 -0.0013 0.0073 0.0063 0.0048 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20043 column dei_LegalEntityAxis compact cik0001084380_S000005380Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20044 column dei_LegalEntityAxis compact cik0001084380_S000005380Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 75 64 49 272 230 182 486 410 327 1103 930 750 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20045 column dei_LegalEntityAxis compact cik0001084380_S000005380Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 4% of the average value of its portfolio. </p> 0.04 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2035 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 85.20% of its assets to equity Underlying Funds and 14.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually becomes more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2035 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 63.90%; International Equity: 21.30%; Fixed-Income: 14.80%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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</td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>High-Yield Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 3.91% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 3.12% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle 2040 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle 2040 Fund 0.0530 0.1312 0.1028 -0.3814 0.2839 0.1521 -0.0387 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20053 column dei_LegalEntityAxis compact cik0001084380_S000005382Member column rr_ProspectusShareClassAxis compact cik0001084380_C000014647Member row primary compact * ~ Best Quarter: 0.1754 2009-06-30 Worst Quarter: -0.2027 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0775 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 17.54%, for the quarter ended June 30, 2009. Worst quarter: -20.27%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.75%.</font> </p> -0.0387 -0.0061 0.0341 -0.0444 -0.0111 0.0269 -0.0207 -0.0069 0.0264 -0.0358 -0.0035 0.0360 -0.0368 -0.0055 0.0345 0.0103 -0.0001 0.0434 -0.0139 -0.0030 0.0388 2009-09-30 2004-10-15 2007-01-17 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20054 column dei_LegalEntityAxis compact cik0001084380_S000005382Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 46.98%"> &#160; </td> <td style="WIDTH: 13.06%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 7.2%"> &#160; </td> <td style="WIDTH: 2.39%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.04%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.67%"> &#160; </td> <td style="WIDTH: 3.23%"> &#160; </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0028 0.0003 0.0003 0.0049 0.0049 0.0049 0.0092 0.0077 0.0062 -0.0018 -0.0013 -0.0013 0.0074 0.0064 0.0049 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20050 column dei_LegalEntityAxis compact cik0001084380_S000005382Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20051 column dei_LegalEntityAxis compact cik0001084380_S000005382Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 76 65 50 275 233 185 492 415 333 1115 942 762 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20052 column dei_LegalEntityAxis compact cik0001084380_S000005382Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 5% of the average value of its portfolio. </p> 0.05 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2040 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2040 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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</td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>High-Yield Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 3.91% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle 2045 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle 2045 Fund -0.3892 0.2828 0.1510 -0.0388 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20060 column dei_LegalEntityAxis compact cik0001084380_S000019659Member column rr_ProspectusShareClassAxis compact cik0001084380_C000054992Member row primary compact * ~ Best Quarter: 0.1733 2009-06-30 Worst Quarter: -0.2115 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0768 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 17.33%, for the quarter ended June 30, 2009. Worst quarter: -21.15%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.68%.</font> </p> -0.0388 -0.0348 -0.0432 -0.0405 -0.0227 -0.0316 -0.0363 -0.0324 -0.0372 -0.0340 0.0103 -0.0138 -0.0139 -0.0209 2007-11-30 2009-09-30 2007-11-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20061 column dei_LegalEntityAxis compact cik0001084380_S000019659Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.7%"> &#160; </td> <td style="WIDTH: 54.09%"> &#160; </td> <td style="WIDTH: 15.01%"> &#160; </td> <td style="WIDTH: 1.81%"> &#160; </td> <td style="WIDTH: 8.26%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.94%"> &#160; </td> <td style="WIDTH: 3.68%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.7%"> &#160; </td> <td style="WIDTH: 54.09%"> &#160; </td> <td style="WIDTH: 15.01%"> &#160; </td> <td style="WIDTH: 1.81%"> &#160; </td> <td style="WIDTH: 8.26%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.94%"> &#160; </td> <td style="WIDTH: 3.68%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0033 0.0007 0.0007 0.0049 0.0049 0.0049 0.0097 0.0081 0.0066 -0.0023 -0.0017 -0.0017 0.0074 0.0064 0.0049 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20057 column dei_LegalEntityAxis compact cik0001084380_S000019659Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20058 column dei_LegalEntityAxis compact cik0001084380_S000019659Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 76 65 50 286 242 194 514 433 351 1169 986 806 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20059 column dei_LegalEntityAxis compact cik0001084380_S000019659Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 9% of the average value of its portfolio. </p> 0.09 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2045 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2045 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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</td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle 2050 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle 2050 Fund -0.3894 0.2805 0.1503 -0.0380 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20067 column dei_LegalEntityAxis compact cik0001084380_S000019660Member column rr_ProspectusShareClassAxis compact cik0001084380_C000054994Member row primary compact * ~ Best Quarter: 0.1730 2009-06-30 Worst Quarter: -0.2179 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0771 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 17.30%, for the quarter ended June 30, 2009. Worst quarter: -21.79%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.71%.</font> </p> -0.0380 -0.0353 -0.0423 -0.0411 -0.0221 -0.0320 -0.0356 -0.0328 -0.0365 -0.0348 0.0103 -0.0138 -0.0139 -0.0209 2009-09-30 2007-11-30 2007-11-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20068 column dei_LegalEntityAxis compact cik0001084380_S000019660Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.7%"> &#160; </td> <td style="WIDTH: 54.09%"> &#160; </td> <td style="WIDTH: 15.01%"> &#160; </td> <td style="WIDTH: 1.81%"> &#160; </td> <td style="WIDTH: 8.26%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.94%"> &#160; </td> <td style="WIDTH: 3.68%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.7%"> &#160; </td> <td style="WIDTH: 54.09%"> &#160; </td> <td style="WIDTH: 15.01%"> &#160; </td> <td style="WIDTH: 1.81%"> &#160; </td> <td style="WIDTH: 8.26%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.94%"> &#160; </td> <td style="WIDTH: 3.68%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0037 0.0011 0.0011 0.0049 0.0049 0.0049 0.0101 0.0085 0.0070 -0.0027 -0.0021 -0.0021 0.0074 0.0064 0.0049 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20064 column dei_LegalEntityAxis compact cik0001084380_S000019660Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20065 column dei_LegalEntityAxis compact cik0001084380_S000019660Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 76 65 50 295 250 203 532 451 369 1212 1030 851 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20066 column dei_LegalEntityAxis compact cik0001084380_S000019660Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 6% of the average value of its portfolio. </p> 0.06 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2050 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2050 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 90.24% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; 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</td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Enhanced Large-Cap Value Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 12.13% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; 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</td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font><font style="WORD-SPACING: 3.875pt">&#160;</font>High-Yield Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 3.91% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF LIFECYCLE 2055 FUND PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. www.tiaa-cref.org FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0092 0.0067 0.0102 0.0049 0.0049 0.0049 0.0156 0.0141 0.0161 -0.0082 -0.0077 -0.0112 0.0074 0.0064 0.0049 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20071 column dei_LegalEntityAxis compact cik0001084380_S000031927Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20072 column dei_LegalEntityAxis compact cik0001084380_S000031927Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 76 65 50 412 370 398 772 698 770 1787 1624 1816 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20073 column dei_LegalEntityAxis compact cik0001084380_S000031927Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012, the Fund&#8217;s portfolio turnover rate was 44% of the average value of its portfolio. </p> 0.44 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle 2055 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2055 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth &amp; Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 90.25% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; 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</td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="6" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Active Lifecycle Funds </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Short-term<br /> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 34.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 39.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 40.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle Index Retirement Income Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index Retirement Income Fund 0.0970 0.0421 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20079 column dei_LegalEntityAxis compact cik0001084380_S000026499Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079522Member row primary compact * ~ Best Quarter: 0.0674 2010-09-30 Worst Quarter: -0.0469 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0481 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 6.74%, for the quarter ended September 30, 2010. Worst quarter: -4.69%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 4.81%.</font> </p> 0.0421 0.0709 0.0353 0.0635 0.0288 0.0570 0.0445 0.0734 0.0430 0.0719 0.0784 0.0646 0.0450 0.0758 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20080 column dei_LegalEntityAxis compact cik0001084380_S000026499Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index Retirement Income Fund Composite Index consisted of: 50.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0101 0.0073 0.0072 0.0013 0.0013 0.0013 0.0129 0.0111 0.0095 -0.0086 -0.0078 -0.0077 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20076 column dei_LegalEntityAxis compact cik0001084380_S000026499Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20077 column dei_LegalEntityAxis compact cik0001084380_S000026499Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 324 275 226 625 536 450 1481 1282 1096 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20078 column dei_LegalEntityAxis compact cik0001084380_S000026499Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 25% of the average value of its portfolio. </p> 0.25 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index Retirement Income Fund seeks high total return over time primarily through income,</p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">with a secondary emphasis on capital appreciation. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year). The Fund has a policy of investing at least 80% of its assets in Underlying Funds that are managed to seek investment returns that track particular market indices. For purposes of the 80% investment policy, the term &#8220;assets&#8221; means net assets, plus the amount of any borrowings for investment purposes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which may change, are approximately as follows: U.S. Equity: 30.00%; International Equity: 10.00%; Fixed-Income: 50.00%; and Inflation-Protected Assets: 10.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 41.04% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; 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FONT-WEIGHT: normal"> 30.60% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> International Equity </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 10.44% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>International Equity Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; 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FONT-WEIGHT: normal"> 49.27% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Index Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 49.27% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Inflation-Protected<br /> Assets </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; 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</td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> TIAA-CREF Lifecycle Index 2010 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index 2010 Fund 0.1048 0.0307 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20086 column dei_LegalEntityAxis compact cik0001084380_S000026498Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079519Member row primary compact * ~ Best Quarter: 0.0777 2010-09-30 Worst Quarter: -0.0663 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0526 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 7.77%, for the quarter ended September 30, 2010. Worst quarter: -6.63%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.26%.</font> </p> 0.0307 0.0712 0.0249 0.0664 0.0217 0.0588 0.0333 0.0740 0.0314 0.0723 0.0784 0.0646 0.0340 0.0761 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20087 column dei_LegalEntityAxis compact cik0001084380_S000026498Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.72%"> &#160; </td> <td style="WIDTH: 54.24%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.72%"> &#160; </td> <td style="WIDTH: 54.24%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index 2010 Fund Composite Index consisted of: 44.9% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0041 0.0016 0.0016 0.0012 0.0012 0.0012 0.0068 0.0053 0.0038 -0.0025 -0.0020 -0.0020 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20083 column dei_LegalEntityAxis compact cik0001084380_S000026498Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20084 column dei_LegalEntityAxis compact cik0001084380_S000026498Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 192 150 102 354 276 193 823 646 461 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20085 column dei_LegalEntityAxis compact cik0001084380_S000026498Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 25% of the average value of its portfolio. </p> 0.25 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2010 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 47.00% of its assets to equity Underlying Funds and 53.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2010 and will reach the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 35.25%; International Equity: 11.75%; Fixed-Income: 45.80%; and Inflation-Protected Assets: 7.20%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 6.55% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Inflation-Linked Bond Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 6.55% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle Index 2015 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index 2015 Fund 0.1103 0.0228 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20093 column dei_LegalEntityAxis compact cik0001084380_S000026501Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079529Member row primary compact * ~ Best Quarter: 0.0863 2010-09-30 Worst Quarter: -0.0809 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0560 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 8.63%, for the quarter ended September 30, 2010. Worst quarter: -8.09%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.60%.</font> </p> 0.0228 0.0715 0.0181 0.0674 0.0168 0.0596 0.0256 0.0743 0.0238 0.0727 0.0103 0.1045 0.0254 0.0763 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20094 column dei_LegalEntityAxis compact cik0001084380_S000026501Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.72%"> &#160; </td> <td style="WIDTH: 54.24%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.72%"> &#160; </td> <td style="WIDTH: 54.24%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 39.8% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0036 0.0012 0.0012 0.0011 0.0011 0.0011 0.0062 0.0048 0.0033 -0.0019 -0.0015 -0.0015 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20090 column dei_LegalEntityAxis compact cik0001084380_S000026501Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20091 column dei_LegalEntityAxis compact cik0001084380_S000026501Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 179 139 91 327 254 170 756 589 403 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20092 column dei_LegalEntityAxis compact cik0001084380_S000026501Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 21% of the average value of its portfolio. </p> 0.21 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2015 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 53.20% of its assets to equity Underlying Funds and 46.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2015 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 39.90%; International Equity: 13.30%; Fixed-Income: 41.60%; and Inflation-Protected Assets: 5.20%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 55.84% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; 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FONT-WEIGHT: normal"> 41.68% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> International Equity </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 14.16% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>International Equity Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; 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FONT-WEIGHT: normal"> 39.55% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Index Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 39.55% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Inflation-Protected<br /> Assets </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 4.61% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Inflation-Linked Bond Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 4.61% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle Index 2020 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index 2020 Fund 0.1169 0.0132 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20100 column dei_LegalEntityAxis compact cik0001084380_S000026502Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079532Member row primary compact * ~ Best Quarter: 0.0939 2010-09-30 Worst Quarter: -0.0969 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0596 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 9.39%, for the quarter ended September 30, 2010. Worst quarter: -9.69%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.96%.</font> </p> 0.0132 0.0714 0.0091 0.0676 0.0108 0.0598 0.0153 0.0739 0.0134 0.0718 0.0103 0.1045 0.0158 0.0761 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20101 column dei_LegalEntityAxis compact cik0001084380_S000026502Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 33.8% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0036 0.0011 0.0011 0.0011 0.0011 0.0011 0.0062 0.0047 0.0032 -0.0019 -0.0014 -0.0014 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20097 column dei_LegalEntityAxis compact cik0001084380_S000026502Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20098 column dei_LegalEntityAxis compact cik0001084380_S000026502Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 179 137 89 327 249 166 756 578 392 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20099 column dei_LegalEntityAxis compact cik0001084380_S000026502Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 14% of the average value of its portfolio. </p> 0.14 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2020 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 61.20% of its assets to equity Underlying Funds and 38.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2020 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 45.90%; International Equity: 15.30%; Fixed-Income: 35.60%; and Inflation-Protected Assets: 3.20%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 63.78% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> U.S. Equity </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 47.60% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Equity Index Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 47.60% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> International Equity </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 16.18% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>International Equity Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 11.97% </p> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Emerging Markets Equity Index Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 4.21% </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> FIXED-INCOME </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 36.22% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Fixed-Income </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 33.55% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Index Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 33.55% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Inflation-Protected<br /> Assets </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 2.67% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Inflation-Linked Bond Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 2.67% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle Index 2025 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index 2025 Fund 0.1231 0.0038 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20107 column dei_LegalEntityAxis compact cik0001084380_S000026503Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079535Member row primary compact * ~ Best Quarter: 0.1018 2010-09-30 Worst Quarter: -0.1134 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0641 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 10.18%, for the quarter ended September 30, 2010. Worst quarter: -11.34%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.41%.</font> </p> 0.0038 0.0712 0.0002 0.0677 0.0050 0.0600 0.0056 0.0736 0.0047 0.0724 0.0103 0.1045 0.0062 0.0757 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20108 column dei_LegalEntityAxis compact cik0001084380_S000026503Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.72%"> &#160; </td> <td style="WIDTH: 54.24%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.8% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0036 0.0011 0.0011 0.0010 0.0010 0.0010 0.0061 0.0046 0.0031 -0.0018 -0.0013 -0.0013 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20104 column dei_LegalEntityAxis compact cik0001084380_S000026503Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20105 column dei_LegalEntityAxis compact cik0001084380_S000026503Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 177 134 87 322 245 161 745 567 381 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20106 column dei_LegalEntityAxis compact cik0001084380_S000026503Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 12% of the average value of its portfolio. </p> 0.12 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2025 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 69.20% of its assets to equity Underlying Funds and 30.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2025 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 51.90%; International Equity: 17.30%; Fixed-Income: 29.60%; and Inflation-Protected Assets: 1.20%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 71.68% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; 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FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 0.75% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Inflation-Linked Bond Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 0.75% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle Index 2030 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index 2030 Fund 0.1291 -0.0053 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20114 column dei_LegalEntityAxis compact cik0001084380_S000026504Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079538Member row primary compact * ~ Best Quarter: 0.1108 2010-09-30 Worst Quarter: -0.1286 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0676 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 11.08%, for the quarter ended September 30, 2010. Worst quarter: -12.86%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.76%.</font> </p> -0.0053 0.0713 -0.0084 0.0681 -0.0007 0.0604 -0.0032 0.0737 -0.0042 0.0720 0.0103 0.1045 -0.0028 0.0755 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20115 column dei_LegalEntityAxis compact cik0001084380_S000026504Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.72%"> &#160; </td> <td style="WIDTH: 54.24%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.72%"> &#160; </td> <td style="WIDTH: 54.24%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 20.4% Barclays U.S. Aggregate Bond Index; and 19.9% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0036 0.0011 0.0011 0.0009 0.0009 0.0009 0.0060 0.0045 0.0030 -0.0017 -0.0012 -0.0012 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20111 column dei_LegalEntityAxis compact cik0001084380_S000026504Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20112 column dei_LegalEntityAxis compact cik0001084380_S000026504Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 175 132 84 318 240 157 734 555 369 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20113 column dei_LegalEntityAxis compact cik0001084380_S000026504Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 10% of the average value of its portfolio. </p> 0.10 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2030 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 77.20% of its assets to equity Underlying Funds and 22.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2030 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 57.90%; International Equity: 19.30%; Fixed-Income: 22.80%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 79.55% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; 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FONT-WEIGHT: normal"> 59.34% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> International Equity </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 20.21% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>International Equity Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; 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VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 5.26% </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> FIXED-INCOME </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 20.45% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Fixed-Income </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 20.45% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 20.45% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle Index 2035 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index 2035 Fund 0.1341 -0.0149 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20121 column dei_LegalEntityAxis compact cik0001084380_S000026505Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079541Member row primary compact * ~ Best Quarter: 0.1189 2010-09-30 Worst Quarter: -0.1445 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0722 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 11.89%, for the quarter ended September 30, 2010. Worst quarter: -14.45%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.22%.</font> </p> -0.0149 0.0704 -0.0177 0.0674 -0.0067 0.0598 -0.0121 0.0731 -0.0131 0.0715 0.0103 0.1045 -0.0117 0.0751 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20122 column dei_LegalEntityAxis compact cik0001084380_S000026505Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0036 0.0011 0.0011 0.0009 0.0009 0.0009 0.0060 0.0045 0.0030 -0.0017 -0.0012 -0.0012 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20118 column dei_LegalEntityAxis compact cik0001084380_S000026505Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20119 column dei_LegalEntityAxis compact cik0001084380_S000026505Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 175 132 84 318 240 157 734 555 369 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20120 column dei_LegalEntityAxis compact cik0001084380_S000026505Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 19% of the average value of its portfolio. </p> 0.19 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2035 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 85.20% of its assets to equity Underlying Funds and 14.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2035 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 63.90%; International Equity: 21.30%; Fixed-Income: 14.80%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 87.39% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> U.S. Equity </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 65.15% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Equity Index Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 65.15% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> International Equity </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 22.24% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>International Equity Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 16.45% </p> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Emerging Markets Equity Index Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 5.79% </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> FIXED-INCOME </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 12.61% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Fixed-Income </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 12.61% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 12.61% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle Index 2040 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index 2040 Fund 0.1350 -0.0170 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20128 column dei_LegalEntityAxis compact cik0001084380_S000026506Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079544Member row primary compact * ~ Best Quarter: 0.1187 2010-09-30 Worst Quarter: -0.1482 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0740 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 11.87%, for the quarter ended September 30, 2010. Worst quarter: -14.82%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.40%.</font> </p> -0.0170 0.0696 -0.0198 0.0668 -0.0079 0.0592 -0.0142 0.0724 -0.0160 0.0704 0.0103 0.1045 -0.0139 0.0744 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20129 column dei_LegalEntityAxis compact cik0001084380_S000026506Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0034 0.0009 0.0009 0.0009 0.0009 0.0009 0.0058 0.0043 0.0028 -0.0015 -0.0010 -0.0010 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20125 column dei_LegalEntityAxis compact cik0001084380_S000026506Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20126 column dei_LegalEntityAxis compact cik0001084380_S000026506Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 171 128 80 309 231 147 711 532 346 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20127 column dei_LegalEntityAxis compact cik0001084380_S000026506Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 17% of the average value of its portfolio. </p> 0.17 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2040 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2040 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 90.39% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; 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FONT-WEIGHT: normal"> 67.37% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> International Equity </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 23.02% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>International Equity Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; 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VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 5.98% </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> FIXED-INCOME </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.61% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Fixed-Income </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.61% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; 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TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle Index 2045 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index 2045 Fund 0.1350 -0.0161 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20135 column dei_LegalEntityAxis compact cik0001084380_S000026507Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079547Member row primary compact * ~ Best Quarter: 0.1195 2010-09-30 Worst Quarter: -0.1477 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0735 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 11.95%, for the quarter ended September 30, 2010. Worst quarter: -14.77%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.35%.</font> </p> -0.0161 0.0698 -0.0188 0.0665 -0.0074 0.0593 -0.0141 0.0722 -0.0150 0.0710 0.0103 0.1045 -0.0139 0.0744 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20136 column dei_LegalEntityAxis compact cik0001084380_S000026507Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.72%"> &#160; </td> <td style="WIDTH: 54.24%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.72%"> &#160; </td> <td style="WIDTH: 54.24%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0049 0.0024 0.0024 0.0009 0.0009 0.0009 0.0073 0.0058 0.0043 -0.0030 -0.0025 -0.0025 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20132 column dei_LegalEntityAxis compact cik0001084380_S000026507Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20133 column dei_LegalEntityAxis compact cik0001084380_S000026507Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 203 161 113 376 299 216 878 702 518 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20134 column dei_LegalEntityAxis compact cik0001084380_S000026507Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 25% of the average value of its portfolio. </p> 0.25 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2045 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2045 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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FONT-WEIGHT: normal"> 67.36% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> International Equity </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 23.02% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>International Equity Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; 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VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 5.99% </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> FIXED-INCOME </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.62% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Fixed-Income </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.62% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.62% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifecycle Index 2050 Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)&dagger; Lifecycle Index 2050 Fund 0.1351 -0.0170 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20142 column dei_LegalEntityAxis compact cik0001084380_S000026508Member column rr_ProspectusShareClassAxis compact cik0001084380_C000079550Member row primary compact * ~ Best Quarter: 0.1185 2010-09-30 Worst Quarter: -0.1485 2011-09-30 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0736 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 11.85%, for the quarter ended September 30, 2010. Worst quarter: -14.85%, for the quarter ended September 30, 2011.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.36%.</font> </p> -0.0170 0.0698 -0.0197 0.0664 -0.0080 0.0593 -0.0141 0.0727 -0.0150 0.0711 0.0103 0.1045 -0.0139 0.0744 2009-09-30 2009-09-30 2009-09-30 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20143 column dei_LegalEntityAxis compact cik0001084380_S000026508Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 54.23%"> &#160; </td> <td style="WIDTH: 15.05%"> &#160; </td> <td style="WIDTH: 1.83%"> &#160; </td> <td style="WIDTH: 8.28%"> &#160; </td> <td style="WIDTH: 2.71%"> &#160; </td> <td style="WIDTH: 1.8%"> &#160; </td> <td style="WIDTH: 9.97%"> &#160; </td> <td style="WIDTH: 3.43%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="9"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="9"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares. As of the close of business on December 31, 2011, the Lifecycle Index 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0060 0.0034 0.0034 0.0009 0.0009 0.0009 0.0084 0.0068 0.0053 -0.0041 -0.0035 -0.0035 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20139 column dei_LegalEntityAxis compact cik0001084380_S000026508Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20140 column dei_LegalEntityAxis compact cik0001084380_S000026508Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 227 182 135 426 344 261 999 813 631 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20141 column dei_LegalEntityAxis compact cik0001084380_S000026508Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 30% of the average value of its portfolio. </p> 0.30 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2050 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2050 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 90.39% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> U.S. Equity </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 67.36% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Equity Index Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 67.36% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> International Equity </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 23.03% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>International Equity Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 17.03% </p> </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Emerging Markets Equity Index Fund </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 6.00% </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> FIXED-INCOME </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.61% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Fixed-Income </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.61% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.61% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF LIFECYCLE INDEX 2055 FUND PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Index Risk</font>&#8212;The risk that the Fund&#8217;s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Additionally, to the extent that the Fund&#8217;s investments vary from the composition of its benchmark index,</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund&#8217;s performance could potentially vary from the index&#8217;s performance to a greater extent than if</font> the <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; COLOR: #000000; FONT-WEIGHT: normal">Fund merely attempted to replicate the index.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. www.tiaa-cref.org FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund. </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.0010 0.0010 0.0010 0.0005 0.0015 0.0131 0.0106 0.0105 0.0009 0.0009 0.0009 0.0155 0.0140 0.0124 -0.0112 -0.0107 -0.0106 0.0043 0.0033 0.0018 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20146 column dei_LegalEntityAxis compact cik0001084380_S000031926Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20147 column dei_LegalEntityAxis compact cik0001084380_S000031926Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 44 34 18 379 338 288 738 663 579 1750 1587 1406 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20148 column dei_LegalEntityAxis compact cik0001084380_S000031926Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal-year ended May 31, 2012, the Fund&#8217;s portfolio turnover rate was 7% of the average value of its portfolio. </p> 0.07 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Lifecycle Index 2055 Fund seeks high total return over time through a combination of capital appreciation and income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund&#8217;s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund&#8217;s target retirement year of 2055 and reaching the Fund&#8217;s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund&#8217;s target market sector allocations. The Fund&#8217;s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund&#8217;s desired levels of risk and potential return at the particular time. The Fund&#8217;s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund&#8217;s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund&#8217;s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 90.33% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; 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FONT-WEIGHT: normal"> 67.32% </p> </td> </tr> <tr> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom"> &#160; </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> International Equity </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 23.01% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>International Equity Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; 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VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 5.99% </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> FIXED-INCOME </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.67% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Fixed-Income </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.67% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -5.75pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 5.75pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Wingdings; FONT-SIZE: 6pt; FONT-WEIGHT: normal">l</font><font style="WORD-SPACING: 3.875pt">&#160;</font>Bond Index Fund </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 9.67% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund&#8217;s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target&#160;date. </p> <br/><table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse; font: 10pt Arial, Helvetica, Sans-Serif"> <tr style="vertical-align: bottom"> <td colspan="5" style="border-top: windowtext 1pt solid; border-right: black 1pt solid; border-bottom: windowtext 1pt solid; border-left: windowtext 1pt solid; text-align: center"> TIAA-CREF Lifecycle Index Funds </td> </tr> <tr style="vertical-align: bottom"> <td> </td> <td> </td> <td> </td> <td> </td> <td> </td> </tr> <tr style="vertical-align: bottom"> <td style="border-bottom: windowtext 0.5pt solid"> <div align="center"> Years to<br /> Target Date </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> U.S. Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> International<br /> Equity </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Fixed-Income </div> </td> <td style="border-bottom: windowtext 0.5pt solid; text-align: right"> <div align="center"> Inflation-Protected<br /> Assets </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 45 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 40 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 35 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 30 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 25 </div> </td> <td> <div align="center"> 67.50 </div> </td> <td> <div align="center"> 22.50 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 20 </div> </td> <td> <div align="center"> 61.50 </div> </td> <td> <div align="center"> 20.50 </div> </td> <td> <div align="center"> 18.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 15 </div> </td> <td> <div align="center"> 55.50 </div> </td> <td> <div align="center"> 18.50 </div> </td> <td> <div align="center"> 26.00 </div> </td> <td> <div align="center"> - </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 10 </div> </td> <td> <div align="center"> 49.50 </div> </td> <td> <div align="center"> 16.50 </div> </td> <td> <div align="center"> 32.00 </div> </td> <td> <div align="center"> 2.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 5 </div> </td> <td> <div align="center"> 43.50 </div> </td> <td> <div align="center"> 14.50 </div> </td> <td> <div align="center"> 38.00 </div> </td> <td> <div align="center"> 4.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> 0 </div> </td> <td> <div align="center"> 37.50 </div> </td> <td> <div align="center"> 12.50 </div> </td> <td> <div align="center"> 44.00 </div> </td> <td> <div align="center"> 6.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -5 </div> </td> <td> <div align="center"> 33.75 </div> </td> <td> <div align="center"> 11.25 </div> </td> <td> <div align="center"> 47.00 </div> </td> <td> <div align="center"> 8.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -10 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -15 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -20 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -25 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> <tr style="vertical-align: bottom"> <td style="text-align: right"> <div align="center"> -30 </div> </td> <td> <div align="center"> 30.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> <td> <div align="center"> 50.00 </div> </td> <td> <div align="center"> 10.00 </div> </td> </tr> </table> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund. </p> TIAA-CREF Lifestyle Income Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Underlying Funds Risk</font>&#8212;The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. Because the Fund targets its investments in a higher percentage of fixed-income Underlying Funds, Fixed-Income Underlying Fund Risks are expected to predominate. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fixed-Income Underlying Funds Risks</font>&#8212;The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 39.6pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Equity Underlying Funds Risks</font>&#8212;The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Active Management Risk</font>&#8212;The risk that Advisors&#8217; strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Fund of Funds Risk</font>&#8212;The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. www.tiaa-cref.org FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund: </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.00 0 0 0 0.0010 0.0010 0.0010 0.0010 0.0025 0.0015 0.0083 0.0095 0.0071 0.0071 0.0036 0.0036 0.0036 0.0036 0.0154 0.0141 0.0132 0.0117 -0.0069 -0.0070 -0.0071 -0.0071 0.0085 0.0071 0.0061 0.0046 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20151 column dei_LegalEntityAxis compact cik0001084380_S000034961Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20152 column dei_LegalEntityAxis compact cik0001084380_S000034961Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) Other Expenses are estimates for the current fiscal year. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> </p> 87 73 62 47 419 377 348 301 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20153 column dei_LegalEntityAxis compact cik0001084380_S000034961Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal period ended May 31, 2012, the Fund&#8217;s&#160;portfolio turnover rate was 3% (not annualized) of the average value of its portfolio. </p> 0.03 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund seeks current income with some capital appreciation. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund is designed for investors seeking current income with some capital appreciation through a relatively stable asset allocation strategy targeting an income-oriented and conservative risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 20% of its assets in equity Underlying Funds and (2) approximately 80% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund&#8217;s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers&#8217; evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As a result of its investments in the Underlying Funds, the Fund&#8217;s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As part of the Fund&#8217;s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (&#8220;ETFs&#8221;) and exchange-traded notes (&#8220;ETNs&#8221;) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Underlying Funds </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> </tr> <tr> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> EQUITY </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 20.65% </p> </td> <td style="VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; 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There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. www.tiaa-cref.org FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund: </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.00 0 0 0 0.0010 0.0010 0.0010 0.0010 0.0025 0.0015 0.0068 0.0079 0.0055 0.0055 0.0040 0.0040 0.0040 0.0040 0.0143 0.0129 0.0120 0.0105 -0.0054 -0.0054 -0.0055 -0.0055 0.0089 0.0075 0.0065 0.0050 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20156 column dei_LegalEntityAxis compact cik0001084380_S000034959Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20157 column dei_LegalEntityAxis compact cik0001084380_S000034959Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. Other Expenses are estimates for the current fiscal year. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> </p> 91 77 66 51 399 356 326 279 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20158 column dei_LegalEntityAxis compact cik0001084380_S000034959Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal period ended May 31, 2012, the Fund&#8217;s&#160;portfolio turnover rate was 17% (not annualized) of the average value of its portfolio. </p> 0.17 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund seeks long-term total return, consisting of current income and capital appreciation. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund is designed for investors seeking long-term total return, consisting of current income and capital appreciation, through a relatively stable asset allocation strategy targeting a conservative risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 40% of its assets in equity Underlying Funds and (2) approximately 60% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund&#8217;s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers&#8217; evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As a result of its investments in the Underlying Funds, the Fund&#8217;s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As part of the Fund&#8217;s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (&#8220;ETFs&#8221;) and exchange-traded notes (&#8220;ETNs&#8221;) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 19.77% </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.34%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 17.16%"> &#160; </td> <td style="WIDTH: 10.35%"> &#160; </td> <td style="WIDTH: 39.12%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: bold"> Total </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; FONT-SIZE: 1pt; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> &#160; </td> <td style="BORDER-BOTTOM: #000000 0.5pt solid; VERTICAL-ALIGN: bottom; BORDER-TOP: #000000 0.5pt solid"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; TEXT-INDENT: -9.35pt; FONT-FAMILY: Sans-Serif; MARGIN-LEFT: 9.35pt; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> 100.00% </p> </td> </tr> </table> TIAA-CREF Lifestyle Moderate Fund PRINCIPAL INVESTMENT RISKS <p style="TEXT-ALIGN: left; FONT-STYLE: normal; 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There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. www.tiaa-cref.org FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund: </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.00 0 0 0 0.0010 0.0010 0.0010 0.0010 0.0025 0.0015 0.0057 0.0068 0.0044 0.0044 0.0045 0.0045 0.0045 0.0045 0.0137 0.0123 0.0114 0.0099 -0.0043 -0.0043 -0.0044 -0.0044 0.0094 0.0080 0.0070 0.0055 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20161 column dei_LegalEntityAxis compact cik0001084380_S000034962Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20162 column dei_LegalEntityAxis compact cik0001084380_S000034962Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) Other Expenses are estimates for the current fiscal year. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> </p> 96 82 72 56 391 348 319 271 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20163 column dei_LegalEntityAxis compact cik0001084380_S000034962Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal period ended May 31, 2012, the Fund&#8217;s portfolio turnover rate was 11% (not annualized) of the average value of its portfolio. </p> 0.11 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund seeks long-term total return, consisting of capital appreciation and current income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund is designed for investors seeking long-term total return, consisting of capital appreciation and current income, through a relatively stable asset allocation strategy targeting a moderate risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 60% of its assets in equity Underlying Funds and (2) approximately 40% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund&#8217;s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers&#8217; evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As a result of its investments in the Underlying Funds, the Fund&#8217;s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As part of the Fund&#8217;s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (&#8220;ETFs&#8221;) and exchange-traded notes (&#8220;ETNs&#8221;) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. 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FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. 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There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. www.tiaa-cref.org FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund: </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.00 0 0 0 0.0010 0.0010 0.0010 0.0010 0.0025 0.0015 0.0065 0.0076 0.0052 0.0052 0.0048 0.0048 0.0048 0.0048 0.0148 0.0134 0.0125 0.0110 -0.0051 -0.0051 -0.0052 -0.0052 0.0097 0.0083 0.0073 0.0058 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20166 column dei_LegalEntityAxis compact cik0001084380_S000034960Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20167 column dei_LegalEntityAxis compact cik0001084380_S000034960Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) Other Expenses are estimates for the current fiscal year. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:</font> </p> 99 85 75 59 418 374 345 298 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20168 column dei_LegalEntityAxis compact cik0001084380_S000034960Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal period ended May 31, 2012, the Fund&#8217;s portfolio turnover rate was 7% (not annualized) of the average value of its portfolio. </p> 0.07 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund seeks long-term growth of capital with some current income. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund is designed for investors seeking long-term growth of capital with some current income through a relatively stable asset allocation strategy targeting a growth-oriented risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 80% of its assets in equity Underlying Funds and (2) approximately 20% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund&#8217;s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers&#8217; evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As a result of its investments in the Underlying Funds, the Fund&#8217;s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As part of the Fund&#8217;s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (&#8220;ETFs&#8221;) and exchange-traded notes (&#8220;ETNs&#8221;) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market Sector </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; 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FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal">You could lose money over short or long periods by investing in this Fund. 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There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> Performance information is not available for the Fund because the Fund has less than one calendar year of performance. www.tiaa-cref.org FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund: </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.00 0 0 0 0.0010 0.0010 0.0010 0.0010 0.0025 0.0015 0.0085 0.0097 0.0073 0.0073 0.0051 0.0051 0.0051 0.0051 0.0171 0.0158 0.0149 0.0134 -0.0071 -0.0072 -0.0073 -0.0073 0.0100 0.0086 0.0076 0.0061 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20171 column dei_LegalEntityAxis compact cik0001084380_S000034958Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20172 column dei_LegalEntityAxis compact cik0001084380_S000034958Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) Other Expenses are estimates for the current fiscal year. "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. 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During the fiscal period ended May 31, 2012, the Fund&#8217;s portfolio turnover rate was 2% (not annualized) of the average value of its portfolio. </p> 0.02 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund seeks long-term growth of capital. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: bold"> <font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: normal">The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund is designed for investors seeking long-term growth of capital through a relatively stable asset allocation strategy targeting an aggressive growth risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 100% of its assets in equity Underlying Funds and (2) approximately 0% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund&#8217;s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers&#8217; evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As a result of its investments in the Underlying Funds, the Fund&#8217;s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As part of the Fund&#8217;s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (&#8220;ETFs&#8221;) and exchange-traded notes (&#8220;ETNs&#8221;) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. 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Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:</font> </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -6.5pt; FONT-FAMILY: Serif; MARGIN-LEFT: 18.75pt; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Symbol; FONT-SIZE: 7pt; FONT-WEIGHT: normal">&#183;</font>&#160;<font style="FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-WEIGHT: bold">Asset Allocation Risk</font>&#8212;The risk that the Fund may not achieve its target allocations. 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There can be no guarantee that any Underlying Fund will achieve its investment objective. </p> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds. </p> You could lose money over short or long periods by investing in this Fund. PAST PERFORMANCE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund&#8217;s performance from year to year. The bar chart shows the annual total returns of the Institutional Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Institutional Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Institutional Class. The performance table following the bar chart shows the Fund&#8217;s average annual total returns for the Institutional Class, Retail Class and Retirement Class over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund&#8217;s target allocations. After-tax performance is shown only for Institutional Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Institutional Class shares. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The benchmark index listed below is unmanaged, and you cannot invest directly in the benchmark index. The returns for the benchmark index reflect no deduction for fees, expenses or taxes. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: italic; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org. </p> ANNUAL TOTAL RETURNS FOR THE INSTITUTIONAL CLASS SHARES (%)&dagger; 0.0883 -0.2864 0.2246 0.1344 0.0031 ~ http://tiaa-cref.org/20120928/role/ScheduleAnnualTotalReturnsBarChart20179 column dei_LegalEntityAxis compact cik0001084380_S000012194Member column rr_ProspectusShareClassAxis compact cik0001084380_C000033273Member row primary compact * ~ Best Quarter: 0.1265 2009-06-30 Worst Quarter: -0.1415 2008-12-31 The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 0.0689 2012-06-30 <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Serif; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal">Best quarter: 12.65%, for the quarter ended June 30, 2009. Worst quarter: -14.15%, for the quarter ended December 31, 2008.</font> </p> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: -9pt; FONT-FAMILY: Serif; MARGIN-LEFT: 9pt; FONT-SIZE: 1pt; FONT-WEIGHT: normal"> <font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><sup>&amp;dagger;</sup></font><font style="FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"><font style="WORD-SPACING: 5.5pt">&#160;</font>The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.89%.</font> </p> 0.0031 0.0159 0.0270 -0.0049 0.0062 0.0166 0.0040 0.0085 0.0176 0.0007 0.0147 0.0260 -0.0005 0.0132 0.0242 0.0103 -0.0001 0.0164 0.0189 0.0230 0.0347 2006-03-31 2006-03-31 2006-03-31 ~ http://tiaa-cref.org/20120928/role/ScheduleAverageAnnualReturnsTransposed20180 column dei_LegalEntityAxis compact cik0001084380_S000012194Member column rr_ProspectusShareClassAxis compact * column rr_PerformanceMeasureAxis compact * row primary compact * ~ <table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.4%"> &#160; </td> <td style="WIDTH: 47.1%"> &#160; </td> <td style="WIDTH: 13.09%"> &#160; </td> <td style="WIDTH: 2.4%"> &#160; </td> <td style="WIDTH: 7.22%"> &#160; </td> <td style="WIDTH: 2.4%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.06%"> &#160; </td> <td style="WIDTH: 2.4%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.69%"> &#160; </td> <td style="WIDTH: 3.03%"> &#160; </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: middle" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: italic; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> Current performance of the Fund&#8217;s shares may be higher or lower than that shown above. </p> </td> </tr> </table> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 2.4%"> &#160; </td> <td style="WIDTH: 47.1%"> &#160; </td> <td style="WIDTH: 13.09%"> &#160; </td> <td style="WIDTH: 2.4%"> &#160; </td> <td style="WIDTH: 7.22%"> &#160; </td> <td style="WIDTH: 2.4%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.06%"> &#160; </td> <td style="WIDTH: 2.4%"> &#160; </td> <td style="WIDTH: 1.61%"> &#160; </td> <td style="WIDTH: 8.69%"> &#160; </td> <td style="WIDTH: 3.03%"> &#160; </td> </tr> <tr> <td style="VERTICAL-ALIGN: top" colspan="12"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 8.5pt; FONT-WEIGHT: normal"> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor&#8217;s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary. </p> </td> </tr> <tr style="FONT-SIZE: 1px"> <td style="FONT-SIZE: 1pt; VERTICAL-ALIGN: top" colspan="12"> &#160; </td> </tr> </table> After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. After-tax performance is shown only for Institutional Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Institutional Class shares. As of the close of business on December 31, 2011, the Managed Allocation Fund Composite Index consisted of: 45.0% Russell 3000 Index; 40.0% Barclays U.S. Aggregate Bond Index; and 15.0% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time. (reflects no deductions for fees, expenses or taxes) www.tiaa-cref.org AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011 The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). FEES AND EXPENSES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund: </p> 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 15.00 0 0 0.0025 0.0012 0.0029 0.0004 0.0044 0.0044 0.0044 0.0081 0.0073 0.0048 -0.0012 -0.0004 -0.0004 0.0069 0.0069 0.0044 ~ http://tiaa-cref.org/20120928/role/ScheduleShareholderFees20176 column dei_LegalEntityAxis compact cik0001084380_S000012194Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ ~ http://tiaa-cref.org/20120928/role/ScheduleOperatingExpenses20177 column dei_LegalEntityAxis compact cik0001084380_S000012194Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ 2013-09-30 The fees shown in the chart have been restated to reflect current fees. ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment) "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report. SHAREHOLDER FEES (deducted directly from gross amount of transaction) Example <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund&#8217;s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund&#8217;s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be: </p> 70 70 45 247 229 150 438 402 265 991 903 600 ~ http://tiaa-cref.org/20120928/role/ScheduleExpenseExample20178 column dei_LegalEntityAxis compact cik0001084380_S000012194Member column rr_ProspectusShareClassAxis compact * row primary compact * ~ PORTFOLIO TURNOVER <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund&#8217;s performance. During the fiscal year ended May 31, 2012 the Fund&#8217;s portfolio turnover rate was 15% of the average value of its portfolio. </p> 0.15 INVESTMENT OBJECTIVE <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund seeks favorable returns that reflect the broad investment performance of the financial markets through capital appreciation and investment income. The Fund will pursue this goal through a &#8220;fund of funds&#8221; approach, whereby the Fund will make investments primarily in other mutual&#160;funds. </p> PRINCIPAL INVESTMENT STRATEGIES <p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund is a &#8220;fund of funds&#8221; that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or&#160;investment products (collectively, the &#8220;Underlying Funds&#8221;). The Fund invests&#160;in Underlying Funds according to a relatively stable asset allocation strategy and will generally seek to meet its investment objective by investing: (1)&#160;approximately 60% of its assets in equity Underlying Funds including up to 5% of its assets in real estate Underlying Funds; and (2) approximately 40% of its assets in fixed-income Underlying Funds (&#8220;target allocations&#8221;). </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund currently intends to invest in the following equity Underlying Funds: Growth &amp; Income Fund, International Equity Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Emerging Markets Equity Fund, Small-Cap Equity Fund, Enhanced International Equity Index Fund, Enhanced Large-Cap Growth Index Fund, Enhanced Large-Cap Value Index Fund, Global Natural Resources Fund and Real Estate Securities Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund currently intends to invest in the following fixed-income Underlying Funds: Bond Plus Fund, Short-Term Bond Fund, High-Yield Fund and Inflation-Linked Bond Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As a result of its investments in the Underlying Funds, the Managed Allocation Fund&#8217;s returns will reflect investments in a mix of domestic stocks of companies of all sizes, foreign equities, real estate securities and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. If the portfolio managers believe that the relative attractiveness of the markets in which the equity and fixed-income funds are invested changes, they can adjust the percentage of investments in these Underlying Funds up or down by up to 10%. At any given time the Fund may hold between 0% to 5% of its assets in real estate funds. The Fund&#8217;s composite benchmark is a composite of three benchmark indices representing three types of market sectors within the equity and fixed-income Underlying Fund asset classes, i.e., domestic equity, international equity and fixed-income. The composite index is created by applying the results of the benchmark for each of these three market sectors in proportion to the Fund&#8217;s target allocations among the three market sectors. For more information about the different indices that comprise the Fund&#8217;s composite benchmark index, please see &#8220;Additional Information About the Fund&#8217;s Composite Index&#8221; below. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The composition of the Fund&#8217;s fixed-income portion will vary depending on the shape of the yield curve. This means that when there is not much difference between the yield on short-term and long-term bonds, the Fund would normally increase its investments in the Short-Term Bond Fund. The Fund will have less than 5% of its assets in the High-Yield Fund. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund might sometimes be even more heavily weighted toward equities or fixed-income, if Advisors believes market conditions warrant. For example, the Fund might increase its holdings in fixed-income funds in periods when Advisors believes equity markets will decline. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> As part of the Fund&#8217;s ability to invest in unaffiliated investment products or pools noted above, the Board has authorized the Fund to invest in exchange-traded funds (&#8220;ETFs&#8221;) and exchange-traded notes (&#8220;ETNs&#8221;). The Fund may use investments in ETFs and ETNs to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> For flexibility in meeting redemptions, expenses and the timing of new investments, and as a short-term defense during periods of unusual volatility, the Fund may invest in government securities (as defined in the Investment Company Act of 1940, as amended (the &#8220;1940 Act&#8221;)), short-term paper or shares of the Money Market Fund. For temporary defensive purposes, the Managed Allocation Fund may invest without limitation in such securities. The Fund cannot guarantee that this strategy will be successful. </p> <br/><p style="TEXT-ALIGN: left; FONT-STYLE: normal; TEXT-INDENT: 12.25pt; FONT-FAMILY: Serif; FONT-SIZE: 10pt; FONT-WEIGHT: normal"> The Fund&#8217;s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations may change over&#160;time. </p> <br/><table style="CLEAR: both" cellspacing="0" cellpadding="0" width="100%"> <tr style="FONT-SIZE: 1pt"> <td style="WIDTH: 14.37%"> &#160; </td> <td style="WIDTH: 9.52%"> &#160; </td> <td style="WIDTH: 18.16%"> &#160; </td> <td style="WIDTH: 9.31%"> &#160; </td> <td style="WIDTH: 40.12%"> &#160; </td> <td style="WIDTH: 8.52%"> &#160; </td> </tr> <tr> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Asset Class </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: right; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Allocation </p> </td> <td style="BORDER-BOTTOM: #000000 1pt solid; VERTICAL-ALIGN: bottom"> <p style="TEXT-ALIGN: left; FONT-STYLE: normal; FONT-FAMILY: Sans-Serif; FONT-SIZE: 7.5pt; FONT-WEIGHT: bold"> Market 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TIAA-CREF Lifecycle Index 2030 Fund
TIAA-CREF Lifecycle Index 2030 Fund
INVESTMENT OBJECTIVE

The Lifecycle Index 2030 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index 2030 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index 2030 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.36% 0.11% 0.11%
Acquired Fund Fees and Expenses [2] 0.09% 0.09% 0.09%
Total Annual Fund Operating Expenses 0.60% 0.45% 0.30%
Waivers and Expense Reimbursements [3][4] (0.17%) (0.12%) (0.12%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index 2030 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 175 132 84
5 Years 318 240 157
10 Years 734 555 369
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 10% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 77.20% of its assets to equity Underlying Funds and 22.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 57.90%; International Equity: 19.30%; Fixed-Income: 22.80%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

79.55%

U.S. Equity

59.34%

l Equity Index Fund

59.34%

   

International Equity

20.21%

l International Equity Index Fund

14.95%

       

l Emerging Markets Equity Index Fund

5.26%

FIXED-INCOME

20.45%

Fixed-Income

20.45%

l Bond Index Fund

20.45%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2030 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.76%.

Best quarter: 11.08%, for the quarter ended September 30, 2010. Worst quarter: -12.86%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index 2030 Fund
One Year
Since Inception
Inception Date
Retirement Class
(0.53%) 7.13% Sep. 30, 2009
Retirement Class After Taxes on Distributions
(0.84%) 6.81%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(0.07%) 6.04%  
Institutional Class
(0.32%) 7.37% Sep. 30, 2009
Premier Class
(0.42%) 7.20% Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% 10.45% [1]  
Lifecycle Index 2030 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] (0.28%) 7.55% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 20.4% Barclays U.S. Aggregate Bond Index; and 19.9% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 

XML 10 R152.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifestyle Income Fund
TIAA-CREF Lifestyle Income Fund
INVESTMENT OBJECTIVE

The Fund seeks current income with some capital appreciation.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifestyle Income Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none none
Maximum Deferred Sales Charge none none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none none
Redemption or Exchange Fee none none none none
Account Maintenance Fee (annual fee on accounts under $2,000) 15.00 none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifestyle Income Fund
Retail Class
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees 0.25%   0.15%  
Other Expenses [1] 0.83% 0.95% 0.71% 0.71%
Acquired Fund Fees and Expenses [2] 0.36% 0.36% 0.36% 0.36%
Total Annual Fund Operating Expenses 1.54% 1.41% 1.32% 1.17%
Waivers and Expense Reimbursements [3] (0.69%) (0.70%) (0.71%) (0.71%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.85% 0.71% 0.61% 0.46%
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifestyle Income Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
1 Year 87 73 62 47
3 Years 419 377 348 301
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 3% (not annualized) of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking current income with some capital appreciation through a relatively stable asset allocation strategy targeting an income-oriented and conservative risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 20% of its assets in equity Underlying Funds and (2) approximately 80% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

20.65%

U.S. Equity

14.38%

· Large-Cap Value Fund

3.58%

       

· Large-Cap Growth Fund

3.51%

       

· Growth & Income Fund

3.00%

       

· Enhanced Large-Cap Value Index Fund

1.34%

       

· Enhanced Large-Cap Growth Index Fund

1.31%

       

· Small-Cap Equity Fund

1.10%

       

· Mid-Cap Value Fund

0.28%

       

· Mid-Cap Growth Fund

0.26%

   

International Equity

6.27%

· International Equity Fund

2.84%

       

· Enhanced International Equity Index Fund

1.92%

       

· Emerging Markets Equity Fund

1.51%

FIXED-INCOME

79.35%

Fixed-Income

39.66%

· Bond Plus Fund

19.84%

       

· Bond Fund

19.82%

   

Short-Term
Fixed-Income

39.69%

· Short-Term Bond Fund

39.69%


           

Total

100.00%

 

100.00%

 

100.00%

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. Because the Fund targets its investments in a higher percentage of fixed-income Underlying Funds, Fixed-Income Underlying Fund Risks are expected to predominate.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

XML 11 R176.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifestyle Aggressive Growth Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks long-term growth of capital.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 2% (not annualized) of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 2.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are estimates for the current fiscal year.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking long-term growth of capital through a relatively stable asset allocation strategy targeting an aggressive growth risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 100% of its assets in equity Underlying Funds and (2) approximately 0% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

100.00%

U.S. Equity

69.62%

· Large-Cap Value Fund

17.34%

       

· Large-Cap Growth Fund

16.97%

       

· Growth & Income Fund

14.54%

       

· Enhanced Large-Cap Value Index Fund

6.49%

       

· Enhanced Large-Cap Growth Index Fund

6.37%

       

· Small-Cap Equity Fund

5.33%

       

· Mid-Cap Value Fund

1.35%

       

· Mid-Cap Growth Fund

1.23%

   

International Equity

30.38%

· International Equity Fund

13.82%

       

· Enhanced International Equity Index Fund

9.29%

       

· Emerging Markets Equity Fund

7.27%


           

Total

100.00%

 

100.00%

 

100.00%

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. Because the Fund targets its investments in a significantly higher percentage of equity Underlying Funds, Equity Underlying Fund Risks are expected to predominate.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance information is not available for the Fund because the Fund has less than one calendar year of performance.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Retail Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther 15.00
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.85% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.51% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.71%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.71%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.00%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 102
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 469
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.97% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.51% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.58%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.72%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.86%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 88
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 428
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15%
Other Expenses rr_OtherExpensesOverAssets 0.73% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.51% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.49%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.73%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.76%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 78
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 399
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.73% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.51% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.34%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.73%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.61%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 62
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 352
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifestyle Moderate Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks long-term total return, consisting of capital appreciation and current income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 11% (not annualized) of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 11.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are estimates for the current fiscal year.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking long-term total return, consisting of capital appreciation and current income, through a relatively stable asset allocation strategy targeting a moderate risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 60% of its assets in equity Underlying Funds and (2) approximately 40% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

60.74%

U.S. Equity

42.29%

· Large-Cap Value Fund

10.52%

       

· Large-Cap Growth Fund

10.32%

       

· Growth & Income Fund

8.83%

       

· Enhanced Large-Cap Value Index Fund

3.94%

       

· Enhanced Large-Cap Growth Index Fund

3.87%

       

· Small-Cap Equity Fund

3.23%

       

· Mid-Cap Value Fund

0.82%

       

· Mid-Cap Growth Fund

0.76%

   

International Equity

18.45%

· International Equity Fund

8.42%

       

· Enhanced International Equity Index Fund

5.62%

       

· Emerging Markets Equity Fund

4.41%

FIXED-INCOME

39.26%

Fixed-Income

39.26%

· Bond Plus Fund

39.26%


           

Total

100.00%

 

100.00%

 

100.00%

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance information is not available for the Fund because the Fund has less than one calendar year of performance.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Retail Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther 15.00
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.57% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.45% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.37%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.43%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.94%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 96
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 391
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.68% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.45% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.23%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.43%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.80%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 82
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 348
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15%
Other Expenses rr_OtherExpensesOverAssets 0.44% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.45% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.14%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.44%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.70%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 72
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 319
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.44% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.45% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.99%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.44%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.55%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 56
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 271
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
XML 14 R104.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2020 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2020 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 14% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 14.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 61.20% of its assets to equity Underlying Funds and 38.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 45.90%; International Equity: 15.30%; Fixed-Income: 35.60%; and Inflation-Protected Assets: 3.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

63.78%

U.S. Equity

47.60%

l Equity Index Fund

47.60%

   

International Equity

16.18%

l International Equity Index Fund

11.97%

       

l Emerging Markets Equity Index Fund

4.21%

FIXED-INCOME

36.22%

Fixed-Income

33.55%

l Bond Index Fund

33.55%

   

Inflation-Protected
Assets

2.67%

l Inflation-Linked Bond Fund

2.67%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 33.8% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2020 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.96%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 9.39%, for the quarter ended September 30, 2010. Worst quarter: -9.69%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 5.96%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 9.39%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (9.69%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception 10.45% [1]
Lifecycle Index 2020 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.58% [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.61% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.36%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.11% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.62%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.19%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 179
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 327
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 756
Annual Return 2010 rr_AnnualReturn2010 11.69%
Annual Return 2011 rr_AnnualReturn2011 1.32%
One Year rr_AverageAnnualReturnYear01 1.32%
Since Inception rr_AverageAnnualReturnSinceInception 7.14%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 0.91%
Since Inception rr_AverageAnnualReturnSinceInception 6.76%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.08%
Since Inception rr_AverageAnnualReturnSinceInception 5.98%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.11% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.47%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.14%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 137
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 249
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 578
One Year rr_AverageAnnualReturnYear01 1.34%
Since Inception rr_AverageAnnualReturnSinceInception 7.18%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.11% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.32%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.14%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 89
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 166
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 392
One Year rr_AverageAnnualReturnYear01 1.53%
Since Inception rr_AverageAnnualReturnSinceInception 7.39%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 33.8% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.03%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
XML 15 R177.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Managed Allocation Fund
TIAA-CREF Managed Allocation Fund
INVESTMENT OBJECTIVE

The Fund seeks favorable returns that reflect the broad investment performance of the financial markets through capital appreciation and investment income. The Fund will pursue this goal through a “fund of funds” approach, whereby the Fund will make investments primarily in other mutual funds.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Managed Allocation Fund (USD $)
Retail Class
Retirement Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Account Maintenance Fee (annual fee on accounts under $2,000) 15.00 none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Managed Allocation Fund
Retail Class
Retirement Class
Institutional Class
Distribution (Rule 12b-1) Fees [1] 0.25%      
Other Expenses 0.12% 0.29% 0.04%
Acquired Fund Fees and Expenses [2] 0.44% 0.44% 0.44%
Total Annual Fund Operating Expenses 0.81% 0.73% 0.48%
Waivers and Expense Reimbursements [3] (0.12%) (0.04%) (0.04%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.69% 0.69% 0.44%
[1] The Retail Class of the Fund has adopted a Distribution (12b-1) Plan that pays the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retail Class shares at the annual rate of up to 0.25% of average daily net assets attributable to Retail Class shares. The fees shown in the chart have been restated to reflect current fees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retail Class shares; (ii) 0.25% of average daily net assets for Retirement Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Managed Allocation Fund (USD $)
Retail Class
Retirement Class
Institutional Class
1 Year 70 70 45
3 Years 247 229 150
5 Years 438 402 265
10 Years 991 903 600
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 15% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy and will generally seek to meet its investment objective by investing: (1) approximately 60% of its assets in equity Underlying Funds including up to 5% of its assets in real estate Underlying Funds; and (2) approximately 40% of its assets in fixed-income Underlying Funds (“target allocations”).


The Fund currently intends to invest in the following equity Underlying Funds: Growth & Income Fund, International Equity Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Emerging Markets Equity Fund, Small-Cap Equity Fund, Enhanced International Equity Index Fund, Enhanced Large-Cap Growth Index Fund, Enhanced Large-Cap Value Index Fund, Global Natural Resources Fund and Real Estate Securities Fund.


The Fund currently intends to invest in the following fixed-income Underlying Funds: Bond Plus Fund, Short-Term Bond Fund, High-Yield Fund and Inflation-Linked Bond Fund.


As a result of its investments in the Underlying Funds, the Managed Allocation Fund’s returns will reflect investments in a mix of domestic stocks of companies of all sizes, foreign equities, real estate securities and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. If the portfolio managers believe that the relative attractiveness of the markets in which the equity and fixed-income funds are invested changes, they can adjust the percentage of investments in these Underlying Funds up or down by up to 10%. At any given time the Fund may hold between 0% to 5% of its assets in real estate funds. The Fund’s composite benchmark is a composite of three benchmark indices representing three types of market sectors within the equity and fixed-income Underlying Fund asset classes, i.e., domestic equity, international equity and fixed-income. The composite index is created by applying the results of the benchmark for each of these three market sectors in proportion to the Fund’s target allocations among the three market sectors. For more information about the different indices that comprise the Fund’s composite benchmark index, please see “Additional Information About the Fund’s Composite Index” below.


The composition of the Fund’s fixed-income portion will vary depending on the shape of the yield curve. This means that when there is not much difference between the yield on short-term and long-term bonds, the Fund would normally increase its investments in the Short-Term Bond Fund. The Fund will have less than 5% of its assets in the High-Yield Fund.


The Fund might sometimes be even more heavily weighted toward equities or fixed-income, if Advisors believes market conditions warrant. For example, the Fund might increase its holdings in fixed-income funds in periods when Advisors believes equity markets will decline.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Board has authorized the Fund to invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”). The Fund may use investments in ETFs and ETNs to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


For flexibility in meeting redemptions, expenses and the timing of new investments, and as a short-term defense during periods of unusual volatility, the Fund may invest in government securities (as defined in the Investment Company Act of 1940, as amended (the “1940 Act”)), short-term paper or shares of the Money Market Fund. For temporary defensive purposes, the Managed Allocation Fund may invest without limitation in such securities. The Fund cannot guarantee that this strategy will be successful.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

60.97%

U.S. Equity

45.47%

· Large-Cap Growth Fund

8.48%

       

· Enhanced Large-Cap Growth Index Fund

8.44%

       

· Enhanced Large-Cap Value Index Fund

8.32%

       

· Large-Cap Value Fund

8.32%

       

· Growth & Income Fund

7.11%

       

· Small-Cap Equity Fund

3.54%

       

· Mid-Cap Value Fund

0.63%

       

· Mid-Cap Growth Fund

0.63%

   

International Equity

15.50%

· Enhanced International Equity Index Fund

5.75%

       

· International Equity Fund

5.69%

       

· Emerging Markets Equity Fund

4.06%

FIXED-INCOME

39.03%

Fixed-Income

39.03%

· Bond Plus Fund

39.03%


           

Total

100.00%

 

100.00%

 

100.00%

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Institutional Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Institutional Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Institutional Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Institutional Class, Retail Class and Retirement Class over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for Institutional Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Institutional Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The benchmark index listed below is unmanaged, and you cannot invest directly in the benchmark index. The returns for the benchmark index reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE INSTITUTIONAL CLASS SHARES (%)†
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.89%.

Best quarter: 12.65%, for the quarter ended June 30, 2009. Worst quarter: -14.15%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Managed Allocation Fund
One Year
Five Years
Since Inception
Inception Date
Institutional Class
0.31% 1.59% 2.70% Mar. 31, 2006
Institutional Class After Taxes on Distributions
(0.49%) 0.62% 1.66%  
Institutional Class After Taxes on Distributions and Sale of Fund Shares
0.40% 0.85% 1.76%  
Retail Class
0.07% 1.47% 2.60% Mar. 31, 2006
Retirement Class
(0.05%) 1.32% 2.42% Mar. 31, 2006
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% (0.01%) 1.64% [1]  
Managed Allocation Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] 1.89% 2.30% 3.47% [1]  
[1] Performance is calculated from the inception date of the Institutional Class.
[2] As of the close of business on December 31, 2011, the Managed Allocation Fund Composite Index consisted of: 45.0% Russell 3000 Index; 40.0% Barclays U.S. Aggregate Bond Index; and 15.0% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                       
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 16 R118.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2030 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2030 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 10% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 10.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 77.20% of its assets to equity Underlying Funds and 22.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 57.90%; International Equity: 19.30%; Fixed-Income: 22.80%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

79.55%

U.S. Equity

59.34%

l Equity Index Fund

59.34%

   

International Equity

20.21%

l International Equity Index Fund

14.95%

       

l Emerging Markets Equity Index Fund

5.26%

FIXED-INCOME

20.45%

Fixed-Income

20.45%

l Bond Index Fund

20.45%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 20.4% Barclays U.S. Aggregate Bond Index; and 19.9% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2030 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.76%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 11.08%, for the quarter ended September 30, 2010. Worst quarter: -12.86%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.76%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.08%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (12.86%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception 10.45% [1]
Lifecycle Index 2030 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.28%) [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.55% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.36%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.60%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.17%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 175
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 318
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 734
Annual Return 2010 rr_AnnualReturn2010 12.91%
Annual Return 2011 rr_AnnualReturn2011 (0.53%)
One Year rr_AverageAnnualReturnYear01 (0.53%)
Since Inception rr_AverageAnnualReturnSinceInception 7.13%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.84%)
Since Inception rr_AverageAnnualReturnSinceInception 6.81%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.07%)
Since Inception rr_AverageAnnualReturnSinceInception 6.04%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.45%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.12%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 132
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 240
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 555
One Year rr_AverageAnnualReturnYear01 (0.42%)
Since Inception rr_AverageAnnualReturnSinceInception 7.20%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.30%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.12%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 84
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 157
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 369
One Year rr_AverageAnnualReturnYear01 (0.32%)
Since Inception rr_AverageAnnualReturnSinceInception 7.37%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 20.4% Barclays U.S. Aggregate Bond Index; and 19.9% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
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TIAA-CREF Lifecycle Index 2045 Fund
TIAA-CREF Lifecycle Index 2045 Fund
INVESTMENT OBJECTIVE

The Lifecycle Index 2045 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index 2045 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index 2045 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.49% 0.24% 0.24%
Acquired Fund Fees and Expenses [2] 0.09% 0.09% 0.09%
Total Annual Fund Operating Expenses 0.73% 0.58% 0.43%
Waivers and Expense Reimbursements [3][4] (0.30%) (0.25%) (0.25%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index 2045 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 203 161 113
5 Years 376 299 216
10 Years 878 702 518
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 25% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.38%

U.S. Equity

67.36%

l Equity Index Fund

67.36%

   

International Equity

23.02%

l International Equity Index Fund

17.03%

       

l Emerging Markets Equity Index Fund

5.99%

FIXED-INCOME

9.62%

Fixed-Income

9.62%

l Bond Index Fund

9.62%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2045 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.35%.

Best quarter: 11.95%, for the quarter ended September 30, 2010. Worst quarter: -14.77%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index 2045 Fund
One Year
Since Inception
Inception Date
Retirement Class
(1.61%) 6.98% Sep. 30, 2009
Retirement Class After Taxes on Distributions
(1.88%) 6.65%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(0.74%) 5.93%  
Institutional Class
(1.41%) 7.22% Sep. 30, 2009
Premier Class
(1.50%) 7.10% Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% 10.45% [1]  
Lifecycle Index 2045 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] (1.39%) 7.44% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 20 R57.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2040 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2040 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 5% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 5.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.25%

U.S. Equity

65.10%

· Large-Cap Growth Fund

12.07%

       

· Large-Cap Value Fund

12.02%

       

· Enhanced Large-Cap Value Index Fund

12.02%

       

· Enhanced Large-Cap Growth Index Fund

11.99%

       

· Growth & Income Fund

10.15%

       

· Small-Cap Equity Fund

5.03%

       

· Mid-Cap Value Fund

0.93%

       

· Mid-Cap Growth Fund

0.89%

   

International Equity

25.15%

· Enhanced International Equity Index Fund

8.47%

       

· International Equity Fund

8.42%

       

· Emerging Markets Equity Fund

5.97%

       

· Global Natural Resources Fund

2.29%

FIXED-INCOME

9.75%

Fixed-Income

9.75%

· Bond Plus Fund

5.84%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the


different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2040 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.75%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 17.54%, for the quarter ended June 30, 2009. Worst quarter: -20.27%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.75%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.54%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (20.27%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                       
 

Current performance of the Fund’s shares may be higher or lower than that shown above.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Five Years rr_AverageAnnualReturnYear05 (0.01%)
Since Inception rr_AverageAnnualReturnSinceInception 4.34% [1]
Lifecycle 2040 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.39%) [2]
Five Years rr_AverageAnnualReturnYear05 (0.30%) [2]
Since Inception rr_AverageAnnualReturnSinceInception 3.88% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.28%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.92%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.18%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.74%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 76
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 275
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 492
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,115
Annual Return 2005 rr_AnnualReturn2005 5.30%
Annual Return 2006 rr_AnnualReturn2006 13.12%
Annual Return 2007 rr_AnnualReturn2007 10.28%
Annual Return 2008 rr_AnnualReturn2008 (38.14%)
Annual Return 2009 rr_AnnualReturn2009 28.39%
Annual Return 2010 rr_AnnualReturn2010 15.21%
Annual Return 2011 rr_AnnualReturn2011 (3.87%)
One Year rr_AverageAnnualReturnYear01 (3.87%)
Five Years rr_AverageAnnualReturnYear05 (0.61%)
Since Inception rr_AverageAnnualReturnSinceInception 3.41%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 15, 2004
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (4.44%)
Five Years rr_AverageAnnualReturnYear05 (1.11%)
Since Inception rr_AverageAnnualReturnSinceInception 2.69%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (2.07%)
Five Years rr_AverageAnnualReturnYear05 (0.69%)
Since Inception rr_AverageAnnualReturnSinceInception 2.64%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.77%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.64%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 65
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 233
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 415
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 942
One Year rr_AverageAnnualReturnYear01 (3.68%)
Five Years rr_AverageAnnualReturnYear05 (0.55%) [7]
Since Inception rr_AverageAnnualReturnSinceInception 3.45% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.62%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.49%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 50
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 185
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 333
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 762
One Year rr_AverageAnnualReturnYear01 (3.58%)
Five Years rr_AverageAnnualReturnYear05 (0.35%) [7]
Since Inception rr_AverageAnnualReturnSinceInception 3.60% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
XML 21 R76.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF LIFECYCLE 2055 FUND
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2055 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012, the Fund’s portfolio turnover rate was 44% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 44.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.25%

U.S. Equity

65.21%

· Large-Cap Value Fund

12.17%

       

· Enhanced Large-Cap Value Index Fund

12.16%

       

· Large-Cap Growth Fund

11.94%

       

· Enhanced Large-Cap Growth Index Fund

11.93%

       

· Growth & Income Fund

10.22%

       

· Small-Cap Equity Fund

4.98%

       

· Mid-Cap Value Fund

0.95%

       

· Mid-Cap Growth Fund

0.86%

   

International Equity

25.04%

· International Equity Fund

8.45%

       

· Enhanced International Equity Index Fund

8.40%

       

· Emerging Markets Equity Fund

5.92%

       

· Global Natural Resources Fund

2.27%

FIXED-INCOME

9.75%

Fixed-Income

9.75%

· Bond Plus Fund

5.84%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance information is not available for the Fund because the Fund has less than one calendar year of performance.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
RETIREMENT CLASS
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [1]
Other Expenses rr_OtherExpensesOverAssets 0.92%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.56%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.82%) [3],[4]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.74%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 76
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 412
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 772
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,787
PREMIER CLASS
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [1]
Other Expenses rr_OtherExpensesOverAssets 0.67%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.41%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.77%) [3],[4]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.64%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 65
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 370
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 698
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,624
INSTITUTIONAL CLASS
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [1]
Other Expenses rr_OtherExpensesOverAssets 1.02%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.61%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.12%) [3],[4]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.49%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 50
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 398
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 770
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,816
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
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TIAA-CREF Lifecycle Index Retirement Income Fund
TIAA-CREF Lifecycle Index Retirement Income Fund
INVESTMENT OBJECTIVE

The Lifecycle Index Retirement Income Fund seeks high total return over time primarily through income,

with a secondary emphasis on capital appreciation.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index Retirement Income Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index Retirement Income Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 1.01% 0.73% 0.72%
Acquired Fund Fees and Expenses [2] 0.13% 0.13% 0.13%
Total Annual Fund Operating Expenses 1.29% 1.11% 0.95%
Waivers and Expense Reimbursements [3][4] (0.86%) (0.78%) (0.77%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.05%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index Retirement Income Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 324 275 226
5 Years 625 536 450
10 Years 1,481 1,282 1,096
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 25% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year). The Fund has a policy of investing at least 80% of its assets in Underlying Funds that are managed to seek investment returns that track particular market indices. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.


The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which may change, are approximately as follows: U.S. Equity: 30.00%; International Equity: 10.00%; Fixed-Income: 50.00%; and Inflation-Protected Assets: 10.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

41.04%

U.S. Equity

30.60%

l Equity Index Fund

30.60%

   

International Equity

10.44%

l International Equity Index Fund

7.72%

       

l Emerging Markets Equity Index Fund

2.72%

FIXED-INCOME

58.96%

Fixed-Income

49.27%

l Bond Index Fund

49.27%

   

Inflation-Protected
Assets

9.69%

l Inflation-Linked Bond Fund

9.69%


           

Total

100.00%

 

100.00%

 

100.00%

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index Retirement Income Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 4.81%.

Best quarter: 6.74%, for the quarter ended September 30, 2010. Worst quarter: -4.69%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index Retirement Income Fund
One Year
Since Inception
Inception Date
Retirement Class
4.21% 7.09% Sep. 30, 2009
Retirement Class After Taxes on Distributions
3.53% 6.35%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
2.88% 5.70%  
Institutional Class
4.45% 7.34% Sep. 30, 2009
Premier Class
4.30% 7.19% Sep. 30, 2009
Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)
7.84% 6.46% [1]  
Lifecycle Index Retirement Income Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] 4.50% 7.58% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index Retirement Income Fund Composite Index consisted of: 50.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 24 R71.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2050 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2050 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 6% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 6.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.24%

U.S. Equity

65.14%

· Large-Cap Value Fund

12.14%

       

· Enhanced Large-Cap Value Index Fund

12.13%

       

· Large-Cap Growth Fund

11.94%

       

· Enhanced Large-Cap Growth Index Fund

11.92%

       

· Growth & Income Fund

10.19%

       

· Small-Cap Equity Fund

4.99%

       

· Mid-Cap Value Fund

0.95%

       

· Mid-Cap Growth Fund

0.88%

   

International Equity

25.10%

· Enhanced International Equity Index Fund

8.44%

       

· International Equity Fund

8.43%

       

· Emerging Markets Equity Fund

5.94%

       

· Global Natural Resources Fund

2.29%

FIXED-INCOME

9.76%

Fixed-Income

9.76%

· Bond Plus Fund

5.85%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2050 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.71%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 17.30%, for the quarter ended June 30, 2009. Worst quarter: -21.79%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.71%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.30%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.79%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception (1.38%) [1]
Lifecycle 2050 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.39%) [2]
Since Inception rr_AverageAnnualReturnSinceInception (2.09%) [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.37%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.01%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.27%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.74%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 76
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 295
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 532
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,212
Annual Return 2008 rr_AnnualReturn2008 (38.94%)
Annual Return 2009 rr_AnnualReturn2009 28.05%
Annual Return 2010 rr_AnnualReturn2010 15.03%
Annual Return 2011 rr_AnnualReturn2011 (3.80%)
One Year rr_AverageAnnualReturnYear01 (3.80%)
Since Inception rr_AverageAnnualReturnSinceInception (3.53%)
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (4.23%)
Since Inception rr_AverageAnnualReturnSinceInception (4.11%)
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (2.21%)
Since Inception rr_AverageAnnualReturnSinceInception (3.20%)
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.85%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.21%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.64%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 65
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 250
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 451
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,030
One Year rr_AverageAnnualReturnYear01 (3.65%)
Since Inception rr_AverageAnnualReturnSinceInception (3.48%) [7]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.70%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.21%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.49%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 50
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 203
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 369
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 851
One Year rr_AverageAnnualReturnYear01 (3.56%)
Since Inception rr_AverageAnnualReturnSinceInception (3.28%)
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Premier Class that is prior to its inception date is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Premier Class.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2035 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2035 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 4% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 4.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035.


The Fund expects to allocate approximately 85.20% of its assets to equity Underlying Funds and 14.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually becomes more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 63.90%; International Equity: 21.30%; Fixed-Income: 14.80%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

87.13%

U.S. Equity

62.83%

· Large-Cap Growth Fund

11.67%

       

· Enhanced Large-Cap Growth Index Fund

11.59%

       

· Large-Cap Value Fund

11.58%

       

· Enhanced Large-Cap Value Index Fund

11.58%

       

· Growth & Income Fund

9.79%

       

· Small-Cap Equity Fund

4.87%

       

· Mid-Cap Value Fund

0.89%

       

· Mid-Cap Growth Fund

0.86%

   

International Equity

24.30%

· Enhanced International Equity Index Fund

8.18%

       

· International Equity Fund

8.13%

       

· Emerging Markets Equity Fund

5.77%

       

· Global Natural Resources Fund

2.22%

FIXED-INCOME

12.87%

Fixed-Income

12.87%

· Bond Plus Fund

5.84%

       

· High-Yield Fund

3.91%

       

· Bond Fund

3.12%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2035 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.57%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 17.55%, for the quarter ended June 30, 2009. Worst quarter: -20.30%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.57%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.55%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (20.30%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Five Years rr_AverageAnnualReturnYear05 (0.01%)
Since Inception rr_AverageAnnualReturnSinceInception 4.34% [1]
Lifecycle 2035 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.17%) [2]
Five Years rr_AverageAnnualReturnYear05 (0.32%) [2]
Since Inception rr_AverageAnnualReturnSinceInception 3.67% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.28%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.48% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.91%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.18%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.73%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 75
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 272
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 486
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,103
Annual Return 2005 rr_AnnualReturn2005 5.16%
Annual Return 2006 rr_AnnualReturn2006 12.47%
Annual Return 2007 rr_AnnualReturn2007 9.71%
Annual Return 2008 rr_AnnualReturn2008 (38.18%)
Annual Return 2009 rr_AnnualReturn2009 28.30%
Annual Return 2010 rr_AnnualReturn2010 15.02%
Annual Return 2011 rr_AnnualReturn2011 (3.55%)
One Year rr_AverageAnnualReturnYear01 (3.55%)
Five Years rr_AverageAnnualReturnYear05 (0.70%)
Since Inception rr_AverageAnnualReturnSinceInception 3.15%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 15, 2004
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (4.12%)
Five Years rr_AverageAnnualReturnYear05 (1.22%)
Since Inception rr_AverageAnnualReturnSinceInception 2.43%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.89%)
Five Years rr_AverageAnnualReturnYear05 (0.77%)
Since Inception rr_AverageAnnualReturnSinceInception 2.41%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.48% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.76%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.63%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 64
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 230
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 410
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 930
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Premier Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (3.58%)
Five Years rr_AverageAnnualReturnYear05 (0.66%) [7]
Since Inception rr_AverageAnnualReturnSinceInception 3.18% [7]
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.48% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.61%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.48%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 49
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 182
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 327
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 750
One Year rr_AverageAnnualReturnYear01 (3.37%)
Five Years rr_AverageAnnualReturnYear05 (0.47%) [7]
Since Inception rr_AverageAnnualReturnSinceInception 3.32% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
XML 28 R156.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifestyle Income Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks current income with some capital appreciation.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 3% (not annualized) of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 3.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are estimates for the current fiscal year.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking current income with some capital appreciation through a relatively stable asset allocation strategy targeting an income-oriented and conservative risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 20% of its assets in equity Underlying Funds and (2) approximately 80% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

20.65%

U.S. Equity

14.38%

· Large-Cap Value Fund

3.58%

       

· Large-Cap Growth Fund

3.51%

       

· Growth & Income Fund

3.00%

       

· Enhanced Large-Cap Value Index Fund

1.34%

       

· Enhanced Large-Cap Growth Index Fund

1.31%

       

· Small-Cap Equity Fund

1.10%

       

· Mid-Cap Value Fund

0.28%

       

· Mid-Cap Growth Fund

0.26%

   

International Equity

6.27%

· International Equity Fund

2.84%

       

· Enhanced International Equity Index Fund

1.92%

       

· Emerging Markets Equity Fund

1.51%

FIXED-INCOME

79.35%

Fixed-Income

39.66%

· Bond Plus Fund

19.84%

       

· Bond Fund

19.82%

   

Short-Term
Fixed-Income

39.69%

· Short-Term Bond Fund

39.69%


           

Total

100.00%

 

100.00%

 

100.00%

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. Because the Fund targets its investments in a higher percentage of fixed-income Underlying Funds, Fixed-Income Underlying Fund Risks are expected to predominate.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance information is not available for the Fund because the Fund has less than one calendar year of performance.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Retail Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther 15.00
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.83% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.36% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.54%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.69%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.85%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 87
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 419
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.95% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.36% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.41%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.70%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.71%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 73
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 377
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15%
Other Expenses rr_OtherExpensesOverAssets 0.71% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.36% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.32%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.71%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.61%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 62
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 348
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.71% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.36% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.17%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.71%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.46%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 47
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 301
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
XML 29 R97.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2015 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2015 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 21% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 21.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 53.20% of its assets to equity Underlying Funds and 46.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 39.90%; International Equity: 13.30%; Fixed-Income: 41.60%; and Inflation-Protected Assets: 5.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

55.84%

U.S. Equity

41.68%

l Equity Index Fund

41.68%

   

International Equity

14.16%

l International Equity Index Fund

10.47%

       

l Emerging Markets Equity Index Fund

3.69%

FIXED-INCOME

44.16%

Fixed-Income

39.55%

l Bond Index Fund

39.55%

   

Inflation-Protected
Assets

4.61%

l Inflation-Linked Bond Fund

4.61%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 39.8% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2015 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.60%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 8.63%, for the quarter ended September 30, 2010. Worst quarter: -8.09%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 5.60%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 8.63%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (8.09%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception 10.45% [1]
Lifecycle Index 2015 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 2.54% [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.63% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.36%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.11% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.62%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.19%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 179
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 327
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 756
Annual Return 2010 rr_AnnualReturn2010 11.03%
Annual Return 2011 rr_AnnualReturn2011 2.28%
One Year rr_AverageAnnualReturnYear01 2.28%
Since Inception rr_AverageAnnualReturnSinceInception 7.15%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.81%
Since Inception rr_AverageAnnualReturnSinceInception 6.74%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.68%
Since Inception rr_AverageAnnualReturnSinceInception 5.96%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.12%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.11% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.48%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.15%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 139
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 254
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 589
One Year rr_AverageAnnualReturnYear01 2.38%
Since Inception rr_AverageAnnualReturnSinceInception 7.27%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.12%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.11% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.33%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.15%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 91
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 170
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 403
One Year rr_AverageAnnualReturnYear01 2.56%
Since Inception rr_AverageAnnualReturnSinceInception 7.43%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 39.8% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.03%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
XML 30 R37.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle 2030 Fund
TIAA-CREF Lifecycle 2030 Fund
INVESTMENT OBJECTIVE

The Lifecycle 2030 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle 2030 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle 2030 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.28% 0.03% 0.03%
Acquired Fund Fees and Expenses [2] 0.47% 0.47% 0.47%
Total Annual Fund Operating Expenses 0.90% 0.75% 0.60%
Waivers and Expense Reimbursements [3][4] (0.18%) (0.13%) (0.13%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.72% 0.62% 0.47%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle 2030 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 74 63 48
3 Years 269 227 179
5 Years 481 404 322
10 Years 1,091 918 738
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 5% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030.


The Fund expects to allocate approximately 77.20% of its assets to equity Underlying Funds and 22.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 57.90%; International Equity: 19.30%; Fixed-Income: 22.80%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

79.34%

U.S. Equity

57.19%

· Large-Cap Growth Fund

10.63%

       

· Enhanced Large-Cap Growth Index Fund

10.56%

       

· Large-Cap Value Fund

10.53%

       

· Enhanced Large-Cap Value Index Fund

10.52%

       

· Growth & Income Fund

8.91%

       

· Small-Cap Equity Fund

4.44%

       

· Mid-Cap Value Fund

0.81%

       

· Mid-Cap Growth Fund

0.79%

   

International Equity

22.15%

· Enhanced International Equity Index Fund

7.46%

       

· International Equity Fund

7.41%

       

· Emerging Markets Equity Fund

5.26%

       

· Global Natural Resources Fund

2.02%

FIXED-INCOME

20.66%

Fixed-Income

20.66%

· Bond Fund

10.90%

       

· Bond Plus Fund

5.85%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2030 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.36%.

Best quarter: 16.62%, for the quarter ended June 30, 2009. Worst quarter: -19.05%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle 2030 Fund
One Year
Five Years
Since Inception
Inception Date
Retirement Class
(2.61%) (0.40%) 3.17% Oct. 15, 2004
Retirement Class After Taxes on Distributions
(3.27%) (0.96%) 2.44%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(1.29%) (0.55%) 2.41%  
Institutional Class
(2.32%) (0.14%) [1] 3.36% [1] Jan. 17, 2007
Premier Class
(2.43%) (0.36%) [1] 3.21% [1] Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% (0.01%) 4.34% [2]  
Lifecycle 2030 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] (0.28%) none 3.70% [2]  
[1] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 19.9% MSCI EAFE + Emerging Markets Index; and 20.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2025 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2025 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 12% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 12.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 69.20% of its assets to equity Underlying Funds and 30.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 51.90%; International Equity: 17.30%; Fixed-Income: 29.60%; and Inflation-Protected Assets: 1.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

71.68%

U.S. Equity

53.49%

l Equity Index Fund

53.49%

   

International Equity

18.19%

l International Equity Index Fund

13.46%

       

l Emerging Markets Equity Index Fund

4.73%

FIXED-INCOME

28.32%

Fixed-Income

27.57%

l Bond Index Fund

27.57%

   

Inflation-Protected
Assets

0.75%

l Inflation-Linked Bond Fund

0.75%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.8% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2025 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.41%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 10.18%, for the quarter ended September 30, 2010. Worst quarter: -11.34%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.41%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 10.18%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (11.34%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception 10.45% [1]
Lifecycle Index 2025 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 0.62% [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.57% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.36%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.10% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.61%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.18%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 177
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 322
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 745
Annual Return 2010 rr_AnnualReturn2010 12.31%
Annual Return 2011 rr_AnnualReturn2011 0.38%
One Year rr_AverageAnnualReturnYear01 0.38%
Since Inception rr_AverageAnnualReturnSinceInception 7.12%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 0.02%
Since Inception rr_AverageAnnualReturnSinceInception 6.77%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 0.50%
Since Inception rr_AverageAnnualReturnSinceInception 6.00%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.10% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.46%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 134
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 245
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 567
One Year rr_AverageAnnualReturnYear01 0.47%
Since Inception rr_AverageAnnualReturnSinceInception 7.24%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.10% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.31%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 87
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 161
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 381
One Year rr_AverageAnnualReturnYear01 0.56%
Since Inception rr_AverageAnnualReturnSinceInception 7.36%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.8% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.02%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
XML 33 R151.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF LIFECYCLE INDEX 2055 FUND
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2055 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal-year ended May 31, 2012, the Fund’s portfolio turnover rate was 7% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 7.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.33%

U.S. Equity

67.32%

l Equity Index Fund

67.32%

   

International Equity

23.01%

l International Equity Index Fund

17.02%

       

l Emerging Markets Equity Index Fund

5.99%

FIXED-INCOME

9.67%

Fixed-Income

9.67%

l Bond Index Fund

9.67%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance information is not available for the Fund because the Fund has less than one calendar year of performance.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
RETIREMENT CLASS
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [1]
Other Expenses rr_OtherExpensesOverAssets 1.31%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.55%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.12%) [3],[4]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 379
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 738
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,750
PREMIER CLASS
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [1]
Other Expenses rr_OtherExpensesOverAssets 1.06%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.40%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.07%) [3],[4]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 338
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 663
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,587
INSTITUTIONAL CLASS
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [1]
Other Expenses rr_OtherExpensesOverAssets 1.05%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.24%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (1.06%) [3],[4]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 288
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 579
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,406
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
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TIAA-CREF Lifecycle 2010 Fund
TIAA-CREF Lifecycle 2010 Fund
INVESTMENT OBJECTIVE

The Lifecycle 2010 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle 2010 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle 2010 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.29% 0.04% 0.04%
Acquired Fund Fees and Expenses [2] 0.41% 0.41% 0.41%
Total Annual Fund Operating Expenses 0.85% 0.70% 0.55%
Waivers and Expense Reimbursements [3][4] (0.19%) (0.14%) (0.14%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.66% 0.56% 0.41%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle 2010 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 67 57 42
3 Years 252 210 162
5 Years 453 376 293
10 Years 1,031 857 676
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 13% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010.


The Fund expects to allocate approximately 47.00% of its assets to equity Underlying Funds and 53.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 35.25%; International Equity: 11.75%; Fixed-Income: 38.60%; Short-Term Fixed-Income: 7.20%; and Inflation-Protected Assets: 7.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

49.08%

U.S. Equity

35.38%

· Large-Cap Growth Fund

6.59%

       

· Enhanced Large-Cap Growth Index Fund

6.55%

       

· Large-Cap Value Fund

6.49%

       

· Enhanced Large-Cap Value Index Fund

6.49%

       

· Growth & Income Fund

5.52%

       

· Small-Cap Equity Fund

2.75%

       

· Mid-Cap Value Fund

0.50%

       

· Mid-Cap Growth Fund

0.49%

   

International Equity

13.70%

· Enhanced International Equity Index Fund

4.62%

       

· International Equity Fund

4.59%

       

· Emerging Markets Equity Fund

3.24%

       

· Global Natural Resources Fund

1.25%

FIXED-INCOME

50.92%

Fixed-Income

37.70%

· Bond Fund

35.92%

       

· High-Yield Fund

0.89%

       

· Bond Plus Fund

0.89%

   

Short-Term
Fixed-Income

6.67%

· Short-Term Bond Fund

6.67%

           
   

Inflation-Protected
Assets

6.55%

· Inflation-Linked Bond Fund

6.55%


         

Total

100.00%

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2010 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.69%.

Best quarter: 10.87%, for the quarter ended June 30, 2009. Worst quarter: -11.04%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle 2010 Fund
One Year
Five Years
Since Inception
Inception Date
Retirement Class
1.48% 2.43% 4.33% Oct. 15, 2004
Retirement Class After Taxes on Distributions
0.69% 1.65% 3.44%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
1.10% 1.68% 3.27%  
Institutional Class
1.69% 2.68% [1] 4.50% [1] Jan. 17, 2007
Premier Class
1.58% 2.47% [1] 4.35% [1] Sep. 30, 2009
Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)
7.84% 6.50% 5.49% [2]  
Lifecycle 2010 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] 3.10% 2.78% 4.78% [2]  
[1] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle 2010 Fund Composite Index consisted of: 38.3% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; 6.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 36 R139.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2045 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2045 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 25% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 25.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.38%

U.S. Equity

67.36%

l Equity Index Fund

67.36%

   

International Equity

23.02%

l International Equity Index Fund

17.03%

       

l Emerging Markets Equity Index Fund

5.99%

FIXED-INCOME

9.62%

Fixed-Income

9.62%

l Bond Index Fund

9.62%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2045 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.35%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 11.95%, for the quarter ended September 30, 2010. Worst quarter: -14.77%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.35%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.95%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.77%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception 10.45% [1]
Lifecycle Index 2045 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.39%) [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.44% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.49%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.73%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.30%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 203
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 376
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 878
Annual Return 2010 rr_AnnualReturn2010 13.50%
Annual Return 2011 rr_AnnualReturn2011 (1.61%)
One Year rr_AverageAnnualReturnYear01 (1.61%)
Since Inception rr_AverageAnnualReturnSinceInception 6.98%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.88%)
Since Inception rr_AverageAnnualReturnSinceInception 6.65%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.74%)
Since Inception rr_AverageAnnualReturnSinceInception 5.93%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.24%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.58%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.25%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 161
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 299
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 702
One Year rr_AverageAnnualReturnYear01 (1.50%)
Since Inception rr_AverageAnnualReturnSinceInception 7.10%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.24%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.43%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.25%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 113
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 216
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 518
One Year rr_AverageAnnualReturnYear01 (1.41%)
Since Inception rr_AverageAnnualReturnSinceInception 7.22%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
XML 37 R183.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Managed Allocation Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks favorable returns that reflect the broad investment performance of the financial markets through capital appreciation and investment income. The Fund will pursue this goal through a “fund of funds” approach, whereby the Fund will make investments primarily in other mutual funds.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 15% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 15.00%
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent The fees shown in the chart have been restated to reflect current fees.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy and will generally seek to meet its investment objective by investing: (1) approximately 60% of its assets in equity Underlying Funds including up to 5% of its assets in real estate Underlying Funds; and (2) approximately 40% of its assets in fixed-income Underlying Funds (“target allocations”).


The Fund currently intends to invest in the following equity Underlying Funds: Growth & Income Fund, International Equity Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Emerging Markets Equity Fund, Small-Cap Equity Fund, Enhanced International Equity Index Fund, Enhanced Large-Cap Growth Index Fund, Enhanced Large-Cap Value Index Fund, Global Natural Resources Fund and Real Estate Securities Fund.


The Fund currently intends to invest in the following fixed-income Underlying Funds: Bond Plus Fund, Short-Term Bond Fund, High-Yield Fund and Inflation-Linked Bond Fund.


As a result of its investments in the Underlying Funds, the Managed Allocation Fund’s returns will reflect investments in a mix of domestic stocks of companies of all sizes, foreign equities, real estate securities and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. If the portfolio managers believe that the relative attractiveness of the markets in which the equity and fixed-income funds are invested changes, they can adjust the percentage of investments in these Underlying Funds up or down by up to 10%. At any given time the Fund may hold between 0% to 5% of its assets in real estate funds. The Fund’s composite benchmark is a composite of three benchmark indices representing three types of market sectors within the equity and fixed-income Underlying Fund asset classes, i.e., domestic equity, international equity and fixed-income. The composite index is created by applying the results of the benchmark for each of these three market sectors in proportion to the Fund’s target allocations among the three market sectors. For more information about the different indices that comprise the Fund’s composite benchmark index, please see “Additional Information About the Fund’s Composite Index” below.


The composition of the Fund’s fixed-income portion will vary depending on the shape of the yield curve. This means that when there is not much difference between the yield on short-term and long-term bonds, the Fund would normally increase its investments in the Short-Term Bond Fund. The Fund will have less than 5% of its assets in the High-Yield Fund.


The Fund might sometimes be even more heavily weighted toward equities or fixed-income, if Advisors believes market conditions warrant. For example, the Fund might increase its holdings in fixed-income funds in periods when Advisors believes equity markets will decline.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Board has authorized the Fund to invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”). The Fund may use investments in ETFs and ETNs to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


For flexibility in meeting redemptions, expenses and the timing of new investments, and as a short-term defense during periods of unusual volatility, the Fund may invest in government securities (as defined in the Investment Company Act of 1940, as amended (the “1940 Act”)), short-term paper or shares of the Money Market Fund. For temporary defensive purposes, the Managed Allocation Fund may invest without limitation in such securities. The Fund cannot guarantee that this strategy will be successful.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

60.97%

U.S. Equity

45.47%

· Large-Cap Growth Fund

8.48%

       

· Enhanced Large-Cap Growth Index Fund

8.44%

       

· Enhanced Large-Cap Value Index Fund

8.32%

       

· Large-Cap Value Fund

8.32%

       

· Growth & Income Fund

7.11%

       

· Small-Cap Equity Fund

3.54%

       

· Mid-Cap Value Fund

0.63%

       

· Mid-Cap Growth Fund

0.63%

   

International Equity

15.50%

· Enhanced International Equity Index Fund

5.75%

       

· International Equity Fund

5.69%

       

· Emerging Markets Equity Fund

4.06%

FIXED-INCOME

39.03%

Fixed-Income

39.03%

· Bond Plus Fund

39.03%


           

Total

100.00%

 

100.00%

 

100.00%

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Institutional Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Institutional Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Institutional Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Institutional Class, Retail Class and Retirement Class over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for Institutional Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Institutional Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The benchmark index listed below is unmanaged, and you cannot invest directly in the benchmark index. The returns for the benchmark index reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Managed Allocation Fund Composite Index consisted of: 45.0% Russell 3000 Index; 40.0% Barclays U.S. Aggregate Bond Index; and 15.0% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE INSTITUTIONAL CLASS SHARES (%)†
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.89%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 12.65%, for the quarter ended June 30, 2009. Worst quarter: -14.15%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.89%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 12.65%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.15%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for Institutional Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Institutional Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                       
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Five Years rr_AverageAnnualReturnYear05 (0.01%)
Since Inception rr_AverageAnnualReturnSinceInception 1.64% [1]
Managed Allocation Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.89% [2]
Five Years rr_AverageAnnualReturnYear05 2.30% [2]
Since Inception rr_AverageAnnualReturnSinceInception 3.47% [1],[2]
Retail Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther 15.00
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25% [3]
Other Expenses rr_OtherExpensesOverAssets 0.12%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.44% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.81%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.12%) [5]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.69%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 70
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 247
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 438
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 991
One Year rr_AverageAnnualReturnYear01 0.07%
Five Years rr_AverageAnnualReturnYear05 1.47%
Since Inception rr_AverageAnnualReturnSinceInception 2.60%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 31, 2006
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.29%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.44% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.73%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.04%) [5]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.69%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 70
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 229
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 402
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 903
One Year rr_AverageAnnualReturnYear01 (0.05%)
Five Years rr_AverageAnnualReturnYear05 1.32%
Since Inception rr_AverageAnnualReturnSinceInception 2.42%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 31, 2006
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.44% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.48%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.04%) [5]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.44%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 45
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 150
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 265
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 600
Annual Return 2007 rr_AnnualReturn2007 8.83%
Annual Return 2008 rr_AnnualReturn2008 (28.64%)
Annual Return 2009 rr_AnnualReturn2009 22.46%
Annual Return 2010 rr_AnnualReturn2010 13.44%
Annual Return 2011 rr_AnnualReturn2011 0.31%
One Year rr_AverageAnnualReturnYear01 0.31%
Five Years rr_AverageAnnualReturnYear05 1.59%
Since Inception rr_AverageAnnualReturnSinceInception 2.70%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 31, 2006
Institutional Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.49%)
Five Years rr_AverageAnnualReturnYear05 0.62%
Since Inception rr_AverageAnnualReturnSinceInception 1.66%
Institutional Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 0.40%
Five Years rr_AverageAnnualReturnYear05 0.85%
Since Inception rr_AverageAnnualReturnSinceInception 1.76%
[1] Performance is calculated from the inception date of the Institutional Class.
[2] As of the close of business on December 31, 2011, the Managed Allocation Fund Composite Index consisted of: 45.0% Russell 3000 Index; 40.0% Barclays U.S. Aggregate Bond Index; and 15.0% MSCI EAFE + Emerging Markets Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retail Class of the Fund has adopted a Distribution (12b-1) Plan that pays the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retail Class shares at the annual rate of up to 0.25% of average daily net assets attributable to Retail Class shares. The fees shown in the chart have been restated to reflect current fees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retail Class shares; (ii) 0.25% of average daily net assets for Retirement Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
XML 38 R172.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifestyle Aggressive Growth Fund
TIAA-CREF Lifestyle Aggressive Growth Fund
INVESTMENT OBJECTIVE

The Fund seeks long-term growth of capital.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifestyle Aggressive Growth Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none none
Maximum Deferred Sales Charge none none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none none
Redemption or Exchange Fee none none none none
Account Maintenance Fee (annual fee on accounts under $2,000) 15.00 none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifestyle Aggressive Growth Fund
Retail Class
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees 0.25%   0.15%  
Other Expenses [1] 0.85% 0.97% 0.73% 0.73%
Acquired Fund Fees and Expenses [2] 0.51% 0.51% 0.51% 0.51%
Total Annual Fund Operating Expenses 1.71% 1.58% 1.49% 1.34%
Waivers and Expense Reimbursements [3] (0.71%) (0.72%) (0.73%) (0.73%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.00% 0.86% 0.76% 0.61%
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifestyle Aggressive Growth Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
1 Year 102 88 78 62
3 Years 469 428 399 352
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 2% (not annualized) of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking long-term growth of capital through a relatively stable asset allocation strategy targeting an aggressive growth risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 100% of its assets in equity Underlying Funds and (2) approximately 0% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

100.00%

U.S. Equity

69.62%

· Large-Cap Value Fund

17.34%

       

· Large-Cap Growth Fund

16.97%

       

· Growth & Income Fund

14.54%

       

· Enhanced Large-Cap Value Index Fund

6.49%

       

· Enhanced Large-Cap Growth Index Fund

6.37%

       

· Small-Cap Equity Fund

5.33%

       

· Mid-Cap Value Fund

1.35%

       

· Mid-Cap Growth Fund

1.23%

   

International Equity

30.38%

· International Equity Fund

13.82%

       

· Enhanced International Equity Index Fund

9.29%

       

· Emerging Markets Equity Fund

7.27%


           

Total

100.00%

 

100.00%

 

100.00%

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. Because the Fund targets its investments in a significantly higher percentage of equity Underlying Funds, Equity Underlying Fund Risks are expected to predominate.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2030 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2030 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 5% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 5.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2030.


The Fund expects to allocate approximately 77.20% of its assets to equity Underlying Funds and 22.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2030 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2037 to 2040. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 57.90%; International Equity: 19.30%; Fixed-Income: 22.80%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

79.34%

U.S. Equity

57.19%

· Large-Cap Growth Fund

10.63%

       

· Enhanced Large-Cap Growth Index Fund

10.56%

       

· Large-Cap Value Fund

10.53%

       

· Enhanced Large-Cap Value Index Fund

10.52%

       

· Growth & Income Fund

8.91%

       

· Small-Cap Equity Fund

4.44%

       

· Mid-Cap Value Fund

0.81%

       

· Mid-Cap Growth Fund

0.79%

   

International Equity

22.15%

· Enhanced International Equity Index Fund

7.46%

       

· International Equity Fund

7.41%

       

· Emerging Markets Equity Fund

5.26%

       

· Global Natural Resources Fund

2.02%

FIXED-INCOME

20.66%

Fixed-Income

20.66%

· Bond Fund

10.90%

       

· Bond Plus Fund

5.85%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 19.9% MSCI EAFE + Emerging Markets Index; and 20.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2030 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.36%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 16.62%, for the quarter ended June 30, 2009. Worst quarter: -19.05%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.36%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 16.62%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (19.05%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Five Years rr_AverageAnnualReturnYear05 (0.01%)
Since Inception rr_AverageAnnualReturnSinceInception 4.34% [1]
Lifecycle 2030 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.28%) [2]
Five Years rr_AverageAnnualReturnYear05 none [2]
Since Inception rr_AverageAnnualReturnSinceInception 3.70% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.28%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.47% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.90%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.18%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.72%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 74
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 269
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 481
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,091
Annual Return 2005 rr_AnnualReturn2005 4.90%
Annual Return 2006 rr_AnnualReturn2006 11.72%
Annual Return 2007 rr_AnnualReturn2007 9.39%
Annual Return 2008 rr_AnnualReturn2008 (36.54%)
Annual Return 2009 rr_AnnualReturn2009 26.70%
Annual Return 2010 rr_AnnualReturn2010 14.39%
Annual Return 2011 rr_AnnualReturn2011 (2.61%)
One Year rr_AverageAnnualReturnYear01 (2.61%)
Five Years rr_AverageAnnualReturnYear05 (0.40%)
Since Inception rr_AverageAnnualReturnSinceInception 3.17%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 15, 2004
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (3.27%)
Five Years rr_AverageAnnualReturnYear05 (0.96%)
Since Inception rr_AverageAnnualReturnSinceInception 2.44%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.29%)
Five Years rr_AverageAnnualReturnYear05 (0.55%)
Since Inception rr_AverageAnnualReturnSinceInception 2.41%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.47% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.75%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.62%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 63
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 227
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 404
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 918
One Year rr_AverageAnnualReturnYear01 (2.43%)
Five Years rr_AverageAnnualReturnYear05 (0.36%) [7]
Since Inception rr_AverageAnnualReturnSinceInception 3.21% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.47% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.60%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.47%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 48
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 179
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 322
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 738
One Year rr_AverageAnnualReturnYear01 (2.32%)
Five Years rr_AverageAnnualReturnYear05 (0.14%) [7]
Since Inception rr_AverageAnnualReturnSinceInception 3.36% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle 2030 Fund Composite Index consisted of: 59.7% Russell 3000 Index; 19.9% MSCI EAFE + Emerging Markets Index; and 20.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.

XML 42 R29.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2020 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2020 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 8% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 8.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020.


The Fund expects to allocate approximately 61.20% of its assets to equity Underlying Funds and 38.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 45.90%; International Equity: 15.30%; Fixed-Income: 32.40%; Short-Term Fixed-Income: 3.20%; and Inflation-Protected Assets: 3.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund, and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

63.72%

U.S. Equity

45.92%

· Large-Cap Growth Fund

8.55%

       

· Enhanced Large-Cap Growth Index Fund

8.49%

       

· Large-Cap Value Fund

8.44%

       

· Enhanced Large-Cap Value Index Fund

8.44%

       

· Growth & Income Fund

7.16%

       

· Small-Cap Equity Fund

3.56%

       

· Mid-Cap Value Fund

0.65%

       

· Mid-Cap Growth Fund

0.63%

   

International Equity

17.80%

· Enhanced International Equity Index Fund

6.00%

       

· International Equity Fund

5.95%

       

· Emerging Markets Equity Fund

4.23%

       

· Global Natural Resources Fund

1.62%

FIXED-INCOME

36.28%

Fixed-Income

30.87%

· Bond Fund

25.17%

       

· Bond Plus Fund

3.14%

       

· High-Yield Fund

2.56%

   

Short-Term
Fixed-Income

2.73%

· Short-Term Bond Fund

2.73%

           
   

Inflation-Protected
Assets

2.68%

· Inflation-Linked Bond Fund

2.68%


         

Total

100.00%

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 31.2% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; 2.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2020 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.50%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 13.85%, for the quarter ended June 30, 2009. Worst quarter: -14.95%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.50%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 13.85%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.95%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                       
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Five Years rr_AverageAnnualReturnYear05 (0.01%)
Since Inception rr_AverageAnnualReturnSinceInception 4.34% [1]
Lifecycle 2020 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.47% [2]
Five Years rr_AverageAnnualReturnYear05 1.43% [2]
Since Inception rr_AverageAnnualReturnSinceInception 4.32% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.28%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.44% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.87%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.18%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.69%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 70
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 260
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 465
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,056
Annual Return 2005 rr_AnnualReturn2005 4.77%
Annual Return 2006 rr_AnnualReturn2006 10.26%
Annual Return 2007 rr_AnnualReturn2007 9.22%
Annual Return 2008 rr_AnnualReturn2008 (30.33%)
Annual Return 2009 rr_AnnualReturn2009 23.15%
Annual Return 2010 rr_AnnualReturn2010 13.15%
Annual Return 2011 rr_AnnualReturn2011 (0.52%)
One Year rr_AverageAnnualReturnYear01 (0.52%)
Five Years rr_AverageAnnualReturnYear05 1.07%
Since Inception rr_AverageAnnualReturnSinceInception 3.87%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 15, 2004
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.40%)
Five Years rr_AverageAnnualReturnYear05 0.38%
Since Inception rr_AverageAnnualReturnSinceInception 3.04%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 0.14%
Five Years rr_AverageAnnualReturnYear05 0.62%
Since Inception rr_AverageAnnualReturnSinceInception 2.95%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.44% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.72%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.59%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 60
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 217
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 388
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 882
One Year rr_AverageAnnualReturnYear01 (0.49%)
Five Years rr_AverageAnnualReturnYear05 1.12% [7]
Since Inception rr_AverageAnnualReturnSinceInception 3.90% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.44% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.57%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.44%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 45
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 170
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 305
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 701
One Year rr_AverageAnnualReturnYear01 (0.29%)
Five Years rr_AverageAnnualReturnYear05 1.31% [7]
Since Inception rr_AverageAnnualReturnSinceInception 4.04% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 31.2% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; 2.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
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TIAA-CREF Lifecycle 2035 Fund
TIAA-CREF Lifecycle 2035 Fund
INVESTMENT OBJECTIVE

The Lifecycle 2035 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle 2035 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle 2035 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.28% 0.03% 0.03%
Acquired Fund Fees and Expenses [2] 0.48% 0.48% 0.48%
Total Annual Fund Operating Expenses 0.91% 0.76% 0.61%
Waivers and Expense Reimbursements [3][4] (0.18%) (0.13%) (0.13%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.73% 0.63% 0.48%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle 2035 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 75 64 49
3 Years 272 230 182
5 Years 486 410 327
10 Years 1,103 930 750
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 4% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035.


The Fund expects to allocate approximately 85.20% of its assets to equity Underlying Funds and 14.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually becomes more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 63.90%; International Equity: 21.30%; Fixed-Income: 14.80%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

87.13%

U.S. Equity

62.83%

· Large-Cap Growth Fund

11.67%

       

· Enhanced Large-Cap Growth Index Fund

11.59%

       

· Large-Cap Value Fund

11.58%

       

· Enhanced Large-Cap Value Index Fund

11.58%

       

· Growth & Income Fund

9.79%

       

· Small-Cap Equity Fund

4.87%

       

· Mid-Cap Value Fund

0.89%

       

· Mid-Cap Growth Fund

0.86%

   

International Equity

24.30%

· Enhanced International Equity Index Fund

8.18%

       

· International Equity Fund

8.13%

       

· Emerging Markets Equity Fund

5.77%

       

· Global Natural Resources Fund

2.22%

FIXED-INCOME

12.87%

Fixed-Income

12.87%

· Bond Plus Fund

5.84%

       

· High-Yield Fund

3.91%

       

· Bond Fund

3.12%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2035 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.57%.

Best quarter: 17.55%, for the quarter ended June 30, 2009. Worst quarter: -20.30%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle 2035 Fund
One Year
Five Years
Since Inception
Inception Date
Retirement Class
(3.55%) (0.70%) 3.15% Oct. 15, 2004
Retirement Class After Taxes on Distributions
(4.12%) (1.22%) 2.43%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(1.89%) (0.77%) 2.41%  
Institutional Class
(3.37%) (0.47%) [1] 3.32% [1] Jan. 17, 2007
Premier Class
      Sep. 30, 2009
Premier Class After Taxes on Distributions and Sale of Fund Shares
(3.58%) (0.66%) [1] 3.18% [1]  
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% (0.01%) 4.34% [2]  
Lifecycle 2035 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] (1.17%) (0.32%) 3.67% [2]  
[1] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 45 R30.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle 2025 Fund
TIAA-CREF Lifecycle 2025 Fund
INVESTMENT OBJECTIVE

The Lifecycle 2025 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle 2025 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle 2025 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.28% 0.03% 0.03%
Acquired Fund Fees and Expenses [2] 0.46% 0.46% 0.46%
Total Annual Fund Operating Expenses 0.89% 0.74% 0.59%
Waivers and Expense Reimbursements [3][4] (0.18%) (0.13%) (0.13%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.71% 0.61% 0.46%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle 2025 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 73 62 47
3 Years 266 223 176
5 Years 475 399 316
10 Years 1,080 906 725
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 7% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025.


The Fund expects to allocate approximately 69.20% of its assets to equity Underlying Funds and 30.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 51.90%; International Equity: 17.30%; Fixed-Income: 28.40%; Short-Term Fixed-Income: 1.20%; and Inflation-Protected Assets: 1.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

71.52%

U.S. Equity

51.55%

· Large-Cap Growth Fund

9.59%

       

· Enhanced Large-Cap Growth Index Fund

9.52%

       

· Large-Cap Value Fund

9.49%

       

· Enhanced Large-Cap Value Index Fund

9.48%

       

· Growth & Income Fund

8.03%

       

· Small-Cap Equity Fund

4.00%

       

· Mid-Cap Value Fund

0.73%

       

· Mid-Cap Growth Fund

0.71%

   

International Equity

19.97%

· Enhanced International Equity Index Fund

6.73%

       

· International Equity Fund

6.68%

       

· Emerging Markets Equity Fund

4.74%

       

· Global Natural Resources Fund

1.82%

FIXED-INCOME

28.48%

Fixed-Income

26.94%

· Bond Fund

18.32%

       

· Bond Plus Fund

5.08%

       

· High-Yield Fund

3.54%

   

Short-Term
Fixed-Income

0.78%

· Short-Term Bond Fund

0.78%

           
   

Inflation-Protected
Assets

0.76%

· Inflation-Linked Bond Fund

0.76%


         

Total

100.00%

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2025 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.92%.

Best quarter: 15.33%, for the quarter ended June 30, 2009. Worst quarter: -16.97%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle 2025 Fund
One Year
Five Years
Since Inception
Inception Date
Retirement Class
(1.56%) 0.37% 3.57% Oct. 15, 2004
Retirement Class After Taxes on Distributions
(2.34%) (0.24%) 2.78%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(0.55%) 0.07% 2.71%  
Institutional Class
(1.29%) 0.62% [1] 3.74% [1] Jan. 17, 2007
Premier Class
(1.51%) 0.38% [1] 3.57% [1] Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% (0.01%) 4.34% [2]  
Lifecycle 2025 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] 0.60% 0.72% 4.01% [2]  
[1] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.2% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; 0.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 46 R8.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Retirement Income Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Retirement Income Fund seeks high total return over time primarily through income,

Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock

with a secondary emphasis on capital appreciation.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 13% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 13.00%
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent The fees shown in the chart have been restated to reflect current fees.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year).


The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which may change, are approximately as follows: U.S. Equity: 30.00%; International Equity: 10.00%; Fixed-Income: 40.00%; Short-Term Fixed-Income: 10.00%; and Inflation-Protected Assets: 10.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

40.81%

U.S. Equity

29.47%

· Large-Cap Value Fund

5.50%

       

· Enhanced Large-Cap Value Index Fund

5.49%

       

· Enhanced Large-Cap Growth Index Fund

5.39%

       

· Large-Cap Growth Fund

5.39%

       

· Growth & Income Fund

4.62%

       

· Small-Cap Equity Fund

2.26%

       

· Mid-Cap Value Fund

0.43%

       

· Mid-Cap Growth Fund

0.39%

   

International Equity

11.34%

· International Equity Fund

3.81%

       

· Enhanced International Equity Index Fund

3.81%

       

· Emerging Markets Equity Fund

2.68%

       

· Global Natural Resources Fund

1.04%

FIXED-INCOME

59.19%

Fixed-Income

39.55%

· Bond Fund

38.56%

       

· High-Yield Fund

0.50%

       

· Bond Plus Fund

0.49%

   

Short-Term
Fixed-Income

9.91%

· Short-Term Bond Fund

9.91%

   

Inflation-Protected
Assets

9.73%

· Inflation-Linked Bond Fund

9.73%


           

Total

100.00%

 

100.00%

 

100.00%

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional, Retail and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Retirement Income Fund Composite Index consisted of: 40.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; 10.0% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Retirement Income Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.30%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 8.88%, for the quarter ended September 30, 2009. Worst quarter: -7.81%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 5.30%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 8.88%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (7.81%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 
 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 7.84%
Since Inception rr_AverageAnnualReturnSinceInception 6.32% [1]
Lifecycle Retirement Income Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 4.03% [2]
Since Inception rr_AverageAnnualReturnSinceInception 2.95% [1],[2]
Retail Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther 15
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25% [3]
Other Expenses rr_OtherExpensesOverAssets 0.16%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.39% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.90%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.26%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.64%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 65
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 261
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 473
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,084
One Year rr_AverageAnnualReturnYear01 2.47%
Since Inception rr_AverageAnnualReturnSinceInception 2.13%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.37%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.39% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.91%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.27%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.64%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 65
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 263
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 477
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,095
Annual Return 2008 rr_AnnualReturn2008 (17.49%)
Annual Return 2009 rr_AnnualReturn2009 16.08%
Annual Return 2010 rr_AnnualReturn2010 10.44%
Annual Return 2011 rr_AnnualReturn2011 2.41%
One Year rr_AverageAnnualReturnYear01 2.41%
Since Inception rr_AverageAnnualReturnSinceInception 1.98%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.51%
Since Inception rr_AverageAnnualReturnSinceInception 1.03%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.69%
Since Inception rr_AverageAnnualReturnSinceInception 1.16%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.12%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.39% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.76%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.22%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.54%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 55
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 221
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 401
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 922
One Year rr_AverageAnnualReturnYear01 2.64%
Since Inception rr_AverageAnnualReturnSinceInception 2.07% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.12%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.39% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.61%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.22%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.39%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 40
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 173
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 318
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 741
One Year rr_AverageAnnualReturnYear01 2.78%
Since Inception rr_AverageAnnualReturnSinceInception 2.26%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Retirement Income Fund Composite Index consisted of: 40.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; 10.0% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retail Class of the Fund has adopted a Distribution (12b-1) Plan that pays the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retail Class shares at the annual rate of up to 0.25% of average daily net assets attributable to Retail Class shares. The fees shown in the chart have been restated to reflect current fees. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that pays the Fund's distributor, TPIS, for providing distribution, promotional and/or shareholder services to the Retirement Class shares at the annual rate up to 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retail Class shares; (ii) 0.25% of average daily net assets for Retirement Class shares; (iii) 0.15% of average daily net assets for Premier Class shares; and (iv) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Premier Class that is prior to its inception date is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Premier Class.
XML 47 R162.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifestyle Moderate Fund
TIAA-CREF Lifestyle Moderate Fund
INVESTMENT OBJECTIVE

The Fund seeks long-term total return, consisting of capital appreciation and current income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifestyle Moderate Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none none
Maximum Deferred Sales Charge none none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none none
Redemption or Exchange Fee none none none none
Account Maintenance Fee (annual fee on accounts under $2,000) 15.00 none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifestyle Moderate Fund
Retail Class
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees 0.25%   0.15%  
Other Expenses [1] 0.57% 0.68% 0.44% 0.44%
Acquired Fund Fees and Expenses [2] 0.45% 0.45% 0.45% 0.45%
Total Annual Fund Operating Expenses 1.37% 1.23% 1.14% 0.99%
Waivers and Expense Reimbursements [3] (0.43%) (0.43%) (0.44%) (0.44%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.94% 0.80% 0.70% 0.55%
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifestyle Moderate Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
1 Year 96 82 72 56
3 Years 391 348 319 271
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 11% (not annualized) of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking long-term total return, consisting of capital appreciation and current income, through a relatively stable asset allocation strategy targeting a moderate risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 60% of its assets in equity Underlying Funds and (2) approximately 40% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

60.74%

U.S. Equity

42.29%

· Large-Cap Value Fund

10.52%

       

· Large-Cap Growth Fund

10.32%

       

· Growth & Income Fund

8.83%

       

· Enhanced Large-Cap Value Index Fund

3.94%

       

· Enhanced Large-Cap Growth Index Fund

3.87%

       

· Small-Cap Equity Fund

3.23%

       

· Mid-Cap Value Fund

0.82%

       

· Mid-Cap Growth Fund

0.76%

   

International Equity

18.45%

· International Equity Fund

8.42%

       

· Enhanced International Equity Index Fund

5.62%

       

· Emerging Markets Equity Fund

4.41%

FIXED-INCOME

39.26%

Fixed-Income

39.26%

· Bond Plus Fund

39.26%


           

Total

100.00%

 

100.00%

 

100.00%

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

XML 48 R83.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index Retirement Income Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index Retirement Income Fund seeks high total return over time primarily through income,

Objective, Secondary [Text Block] rr_ObjectiveSecondaryTextBlock

with a secondary emphasis on capital appreciation.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 25% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 25.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year). The Fund has a policy of investing at least 80% of its assets in Underlying Funds that are managed to seek investment returns that track particular market indices. For purposes of the 80% investment policy, the term “assets” means net assets, plus the amount of any borrowings for investment purposes.


The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which may change, are approximately as follows: U.S. Equity: 30.00%; International Equity: 10.00%; Fixed-Income: 50.00%; and Inflation-Protected Assets: 10.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

41.04%

U.S. Equity

30.60%

l Equity Index Fund

30.60%

   

International Equity

10.44%

l International Equity Index Fund

7.72%

       

l Emerging Markets Equity Index Fund

2.72%

FIXED-INCOME

58.96%

Fixed-Income

49.27%

l Bond Index Fund

49.27%

   

Inflation-Protected
Assets

9.69%

l Inflation-Linked Bond Fund

9.69%


           

Total

100.00%

 

100.00%

 

100.00%

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index Retirement Income Fund Composite Index consisted of: 50.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index Retirement Income Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 4.81%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 6.74%, for the quarter ended September 30, 2010. Worst quarter: -4.69%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 4.81%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 6.74%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (4.69%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 7.84%
Since Inception rr_AverageAnnualReturnSinceInception 6.46% [1]
Lifecycle Index Retirement Income Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 4.50% [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.58% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 1.01%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.13% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.29%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.86%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 324
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 625
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,481
Annual Return 2010 rr_AnnualReturn2010 9.70%
Annual Return 2011 rr_AnnualReturn2011 4.21%
One Year rr_AverageAnnualReturnYear01 4.21%
Since Inception rr_AverageAnnualReturnSinceInception 7.09%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 3.53%
Since Inception rr_AverageAnnualReturnSinceInception 6.35%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 2.88%
Since Inception rr_AverageAnnualReturnSinceInception 5.70%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.73%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.13% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.11%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.78%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 275
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 536
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,282
One Year rr_AverageAnnualReturnYear01 4.30%
Since Inception rr_AverageAnnualReturnSinceInception 7.19%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.72%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.13% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.95%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.77%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 226
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 450
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,096
One Year rr_AverageAnnualReturnYear01 4.45%
Since Inception rr_AverageAnnualReturnSinceInception 7.34%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index Retirement Income Fund Composite Index consisted of: 50.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.05%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
XML 49 R72.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF LIFECYCLE 2055 FUND
TIAA-CREF LIFECYCLE 2055 FUND
INVESTMENT OBJECTIVE

The Lifecycle 2055 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF LIFECYCLE 2055 FUND
RETIREMENT CLASS
PREMIER CLASS
INSTITUTIONAL CLASS
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF LIFECYCLE 2055 FUND
RETIREMENT CLASS
PREMIER CLASS
INSTITUTIONAL CLASS
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.92% 0.67% 1.02%
Acquired Fund Fees and Expenses [2] 0.49% 0.49% 0.49%
Total Annual Fund Operating Expenses 1.56% 1.41% 1.61%
Waivers and Expense Reimbursements [3][4] (0.82%) (0.77%) (1.12%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.74% 0.64% 0.49%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF LIFECYCLE 2055 FUND (USD $)
RETIREMENT CLASS
PREMIER CLASS
INSTITUTIONAL CLASS
1 Year 76 65 50
3 Years 412 370 398
5 Years 772 698 770
10 Years 1,787 1,624 1,816
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012, the Fund’s portfolio turnover rate was 44% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.25%

U.S. Equity

65.21%

· Large-Cap Value Fund

12.17%

       

· Enhanced Large-Cap Value Index Fund

12.16%

       

· Large-Cap Growth Fund

11.94%

       

· Enhanced Large-Cap Growth Index Fund

11.93%

       

· Growth & Income Fund

10.22%

       

· Small-Cap Equity Fund

4.98%

       

· Mid-Cap Value Fund

0.95%

       

· Mid-Cap Growth Fund

0.86%

   

International Equity

25.04%

· International Equity Fund

8.45%

       

· Enhanced International Equity Index Fund

8.40%

       

· Emerging Markets Equity Fund

5.92%

       

· Global Natural Resources Fund

2.27%

FIXED-INCOME

9.75%

Fixed-Income

9.75%

· Bond Plus Fund

5.84%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

XML 50 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle Retirement Income Fund
TIAA-CREF Lifecycle Retirement Income Fund
INVESTMENT OBJECTIVE

The Lifecycle Retirement Income Fund seeks high total return over time primarily through income,

with a secondary emphasis on capital appreciation.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Retirement Income Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none none
Maximum Deferred Sales Charge none none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none none
Redemption or Exchange Fee none none none none
Account Maintenance Fee (annual fee on accounts under $2,000) 15 none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Retirement Income Fund
Retail Class
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.25% 0.05% 0.15%   
Other Expenses 0.16% 0.37% 0.12% 0.12%
Acquired Fund Fees and Expenses [2] 0.39% 0.39% 0.39% 0.39%
Total Annual Fund Operating Expenses 0.90% 0.91% 0.76% 0.61%
Waivers and Expense Reimbursements [3][4] (0.26%) (0.27%) (0.22%) (0.22%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.64% 0.64% 0.54% 0.39%
[1] The Retail Class of the Fund has adopted a Distribution (12b-1) Plan that pays the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retail Class shares at the annual rate of up to 0.25% of average daily net assets attributable to Retail Class shares. The fees shown in the chart have been restated to reflect current fees. The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that pays the Fund's distributor, TPIS, for providing distribution, promotional and/or shareholder services to the Retirement Class shares at the annual rate up to 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retail Class shares; (ii) 0.25% of average daily net assets for Retirement Class shares; (iii) 0.15% of average daily net assets for Premier Class shares; and (iv) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Retirement Income Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
1 Year 65 65 55 40
3 Years 261 263 221 173
5 Years 473 477 401 318
10 Years 1,084 1,095 922 741
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 13% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund invests in Underlying Funds according to a relatively stable asset allocation strategy that will not gradually adjust over time and is designed for investors who are already in or entering retirement (i.e., have already passed their retirement year).


The Fund expects to allocate approximately 40.00% of its assets to equity Underlying Funds and 60.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations may be changed and actual allocations may vary up to 10% from the targets. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which may change, are approximately as follows: U.S. Equity: 30.00%; International Equity: 10.00%; Fixed-Income: 40.00%; Short-Term Fixed-Income: 10.00%; and Inflation-Protected Assets: 10.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change. Investors should note that the Fund has a significant level of equity exposure and this exposure could cause fluctuation in the value of the Fund depending on the performance of the equity markets generally.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

40.81%

U.S. Equity

29.47%

· Large-Cap Value Fund

5.50%

       

· Enhanced Large-Cap Value Index Fund

5.49%

       

· Enhanced Large-Cap Growth Index Fund

5.39%

       

· Large-Cap Growth Fund

5.39%

       

· Growth & Income Fund

4.62%

       

· Small-Cap Equity Fund

2.26%

       

· Mid-Cap Value Fund

0.43%

       

· Mid-Cap Growth Fund

0.39%

   

International Equity

11.34%

· International Equity Fund

3.81%

       

· Enhanced International Equity Index Fund

3.81%

       

· Emerging Markets Equity Fund

2.68%

       

· Global Natural Resources Fund

1.04%

FIXED-INCOME

59.19%

Fixed-Income

39.55%

· Bond Fund

38.56%

       

· High-Yield Fund

0.50%

       

· Bond Plus Fund

0.49%

   

Short-Term
Fixed-Income

9.91%

· Short-Term Bond Fund

9.91%

   

Inflation-Protected
Assets

9.73%

· Inflation-Linked Bond Fund

9.73%


           

Total

100.00%

 

100.00%

 

100.00%

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional, Retail and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Retirement Income Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.30%.

Best quarter: 8.88%, for the quarter ended September 30, 2009. Worst quarter: -7.81%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Retirement Income Fund
One Year
Since Inception
Inception Date
Retirement Class
2.41% 1.98% Nov. 30, 2007
Retirement Class After Taxes on Distributions
1.51% 1.03%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
1.69% 1.16%  
Institutional Class
2.78% 2.26% Nov. 30, 2007
Retail Class
2.47% 2.13% Nov. 30, 2007
Premier Class
2.64% 2.07% [1] Sep. 30, 2009
Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)
7.84% 6.32% [2]  
Lifecycle Retirement Income Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] 4.03% 2.95% [2]  
[1] The performance shown for the Premier Class that is prior to its inception date is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle Retirement Income Fund Composite Index consisted of: 40.0% Barclays U.S. Aggregate Bond Index; 30.0% Russell 3000 Index; 10.0% MSCI EAFE + Emerging Markets Index; 10.0% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 10.0% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 
 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
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TIAA-CREF Lifecycle Index 2050 Fund
TIAA-CREF Lifecycle Index 2050 Fund
INVESTMENT OBJECTIVE

The Lifecycle Index 2050 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index 2050 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index 2050 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.60% 0.34% 0.34%
Acquired Fund Fees and Expenses [2] 0.09% 0.09% 0.09%
Total Annual Fund Operating Expenses 0.84% 0.68% 0.53%
Waivers and Expense Reimbursements [3][4] (0.41%) (0.35%) (0.35%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index 2050 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 227 182 135
5 Years 426 344 261
10 Years 999 813 631
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 30% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.39%

U.S. Equity

67.36%

l Equity Index Fund

67.36%

   

International Equity

23.03%

l International Equity Index Fund

17.03%

       

l Emerging Markets Equity Index Fund

6.00%

FIXED-INCOME

9.61%

Fixed-Income

9.61%

l Bond Index Fund

9.61%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2050 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.36%.

Best quarter: 11.85%, for the quarter ended September 30, 2010. Worst quarter: -14.85%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index 2050 Fund
One Year
Since Inception
Inception Date
Retirement Class
(1.70%) 6.98% Sep. 30, 2009
Retirement Class After Taxes on Distributions
(1.97%) 6.64%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(0.80%) 5.93%  
Institutional Class
(1.41%) 7.27% Sep. 30, 2009
Premier Class
(1.50%) 7.11% Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% 10.45% [1]  
Lifecycle Index 2050 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] (1.39%) 7.44% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
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TIAA-CREF LIFECYCLE INDEX 2055 FUND
TIAA-CREF LIFECYCLE INDEX 2055 FUND
INVESTMENT OBJECTIVE

The Lifecycle Index 2055 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF LIFECYCLE INDEX 2055 FUND
RETIREMENT CLASS
PREMIER CLASS
INSTITUTIONAL CLASS
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF LIFECYCLE INDEX 2055 FUND
RETIREMENT CLASS
PREMIER CLASS
INSTITUTIONAL CLASS
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 1.31% 1.06% 1.05%
Acquired Fund Fees and Expenses [2] 0.09% 0.09% 0.09%
Total Annual Fund Operating Expenses 1.55% 1.40% 1.24%
Waivers and Expense Reimbursements [3][4] (1.12%) (1.07%) (1.06%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF LIFECYCLE INDEX 2055 FUND (USD $)
RETIREMENT CLASS
PREMIER CLASS
INSTITUTIONAL CLASS
1 Year 44 34 18
3 Years 379 338 288
5 Years 738 663 579
10 Years 1,750 1,587 1,406
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal-year ended May 31, 2012, the Fund’s portfolio turnover rate was 7% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2055. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2055 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2062 to 2065. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.33%

U.S. Equity

67.32%

l Equity Index Fund

67.32%

   

International Equity

23.01%

l International Equity Index Fund

17.02%

       

l Emerging Markets Equity Index Fund

5.99%

FIXED-INCOME

9.67%

Fixed-Income

9.67%

l Bond Index Fund

9.67%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

XML 55 R65.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle 2050 Fund
TIAA-CREF Lifecycle 2050 Fund
INVESTMENT OBJECTIVE

The Lifecycle 2050 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle 2050 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle 2050 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.37% 0.11% 0.11%
Acquired Fund Fees and Expenses [2] 0.49% 0.49% 0.49%
Total Annual Fund Operating Expenses 1.01% 0.85% 0.70%
Waivers and Expense Reimbursements [3][4] (0.27%) (0.21%) (0.21%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.74% 0.64% 0.49%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle 2050 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 76 65 50
3 Years 295 250 203
5 Years 532 451 369
10 Years 1,212 1,030 851
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 6% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.24%

U.S. Equity

65.14%

· Large-Cap Value Fund

12.14%

       

· Enhanced Large-Cap Value Index Fund

12.13%

       

· Large-Cap Growth Fund

11.94%

       

· Enhanced Large-Cap Growth Index Fund

11.92%

       

· Growth & Income Fund

10.19%

       

· Small-Cap Equity Fund

4.99%

       

· Mid-Cap Value Fund

0.95%

       

· Mid-Cap Growth Fund

0.88%

   

International Equity

25.10%

· Enhanced International Equity Index Fund

8.44%

       

· International Equity Fund

8.43%

       

· Emerging Markets Equity Fund

5.94%

       

· Global Natural Resources Fund

2.29%

FIXED-INCOME

9.76%

Fixed-Income

9.76%

· Bond Plus Fund

5.85%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2050 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.71%.

Best quarter: 17.30%, for the quarter ended June 30, 2009. Worst quarter: -21.79%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle 2050 Fund
One Year
Since Inception
Inception Date
Retirement Class
(3.80%) (3.53%) Nov. 30, 2007
Retirement Class After Taxes on Distributions
(4.23%) (4.11%)  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(2.21%) (3.20%)  
Institutional Class
(3.56%) (3.28%) Nov. 30, 2007
Premier Class
(3.65%) (3.48%) [1] Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% (1.38%) [2]  
Lifecycle 2050 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] (1.39%) (2.09%) [2]  
[1] The performance shown for the Premier Class that is prior to its inception date is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 56 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2015 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2015 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 11% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 11.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015.


The Fund expects to allocate approximately 53.20% of its assets to equity Underlying Funds and 46.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 39.90%; International Equity: 13.30%; Fixed-Income: 36.40%; Short-Term Fixed-Income: 5.20%; and Inflation-Protected Assets: 5.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

55.85%

U.S. Equity

40.24%

· Large-Cap Growth Fund

7.47%

       

· Enhanced Large-Cap Growth Index Fund

7.43%

       

· Large-Cap Value Fund

7.41%

       

· Enhanced Large-Cap Value Index Fund

7.41%

       

· Growth & Income Fund

6.28%

       

· Small-Cap Equity Fund

3.12%

       

· Mid-Cap Value Fund

0.57%

       

· Mid-Cap Growth Fund

0.55%

   

International Equity

15.61%

· Enhanced International Equity Index Fund

5.26%

       

· International Equity Fund

5.22%

       

· Emerging Markets Equity Fund

3.70%

       

· Global Natural Resources Fund

1.43%

FIXED-INCOME

44.15%

Fixed-Income

34.85%

· Bond Fund

31.69%

       

· High-Yield Fund

1.59%

       

· Bond Plus Fund

1.57%

   

Short-Term
Fixed-Income

4.69%

· Short-Term Bond Fund

4.69%

           
   

Inflation-Protected
Assets

4.61%

· Inflation-Linked Bond Fund

4.61%


         

Total

100.00%

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 35.2% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; 4.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2015 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.13%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 12.39%, for the quarter ended June 30, 2009. Worst quarter: -12.97%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.13%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 12.39%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (12.97%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Five Years rr_AverageAnnualReturnYear05 (0.01%)
Since Inception rr_AverageAnnualReturnSinceInception 4.34% [1]
Lifecycle 2015 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 2.33% [2]
Five Years rr_AverageAnnualReturnYear05 2.15% [2]
Since Inception rr_AverageAnnualReturnSinceInception 4.62% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.28%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.42% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.85%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.18%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.67%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 68
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 253
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 454
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,032
Annual Return 2005 rr_AnnualReturn2005 4.23%
Annual Return 2006 rr_AnnualReturn2006 9.40%
Annual Return 2007 rr_AnnualReturn2007 9.46%
Annual Return 2008 rr_AnnualReturn2008 (26.94%)
Annual Return 2009 rr_AnnualReturn2009 21.32%
Annual Return 2010 rr_AnnualReturn2010 12.36%
Annual Return 2011 rr_AnnualReturn2011 0.46%
One Year rr_AverageAnnualReturnYear01 0.46%
Five Years rr_AverageAnnualReturnYear05 1.83%
Since Inception rr_AverageAnnualReturnSinceInception 4.18%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 15, 2004
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.54%)
Five Years rr_AverageAnnualReturnYear05 1.06%
Since Inception rr_AverageAnnualReturnSinceInception 3.30%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 0.83%
Five Years rr_AverageAnnualReturnYear05 1.22%
Since Inception rr_AverageAnnualReturnSinceInception 3.18%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.42% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.70%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.57%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 58
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 211
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 377
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 858
One Year rr_AverageAnnualReturnYear01 0.65%
Five Years rr_AverageAnnualReturnYear05 1.89% [7]
Since Inception rr_AverageAnnualReturnSinceInception 4.22% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.42% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.55%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.42%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 43
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 163
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 294
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 677
One Year rr_AverageAnnualReturnYear01 0.74%
Five Years rr_AverageAnnualReturnYear05 2.10% [7]
Since Inception rr_AverageAnnualReturnSinceInception 4.37% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 35.2% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; 4.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
XML 57 R36.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2025 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2025 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 7% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 7.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025.


The Fund expects to allocate approximately 69.20% of its assets to equity Underlying Funds and 30.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 51.90%; International Equity: 17.30%; Fixed-Income: 28.40%; Short-Term Fixed-Income: 1.20%; and Inflation-Protected Assets: 1.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

71.52%

U.S. Equity

51.55%

· Large-Cap Growth Fund

9.59%

       

· Enhanced Large-Cap Growth Index Fund

9.52%

       

· Large-Cap Value Fund

9.49%

       

· Enhanced Large-Cap Value Index Fund

9.48%

       

· Growth & Income Fund

8.03%

       

· Small-Cap Equity Fund

4.00%

       

· Mid-Cap Value Fund

0.73%

       

· Mid-Cap Growth Fund

0.71%

   

International Equity

19.97%

· Enhanced International Equity Index Fund

6.73%

       

· International Equity Fund

6.68%

       

· Emerging Markets Equity Fund

4.74%

       

· Global Natural Resources Fund

1.82%

FIXED-INCOME

28.48%

Fixed-Income

26.94%

· Bond Fund

18.32%

       

· Bond Plus Fund

5.08%

       

· High-Yield Fund

3.54%

   

Short-Term
Fixed-Income

0.78%

· Short-Term Bond Fund

0.78%

           
   

Inflation-Protected
Assets

0.76%

· Inflation-Linked Bond Fund

0.76%


         

Total

100.00%

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.2% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; 0.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2025 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.92%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 15.33%, for the quarter ended June 30, 2009. Worst quarter: -16.97%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 6.92%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 15.33%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (16.97%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Five Years rr_AverageAnnualReturnYear05 (0.01%)
Since Inception rr_AverageAnnualReturnSinceInception 4.34% [1]
Lifecycle 2025 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 0.60% [2]
Five Years rr_AverageAnnualReturnYear05 0.72% [2]
Since Inception rr_AverageAnnualReturnSinceInception 4.01% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.28%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.46% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.89%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.18%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.71%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 73
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 266
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 475
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,080
Annual Return 2005 rr_AnnualReturn2005 5.07%
Annual Return 2006 rr_AnnualReturn2006 10.78%
Annual Return 2007 rr_AnnualReturn2007 9.33%
Annual Return 2008 rr_AnnualReturn2008 (33.48%)
Annual Return 2009 rr_AnnualReturn2009 24.96%
Annual Return 2010 rr_AnnualReturn2010 13.88%
Annual Return 2011 rr_AnnualReturn2011 (1.56%)
One Year rr_AverageAnnualReturnYear01 (1.56%)
Five Years rr_AverageAnnualReturnYear05 0.37%
Since Inception rr_AverageAnnualReturnSinceInception 3.57%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 15, 2004
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (2.34%)
Five Years rr_AverageAnnualReturnYear05 (0.24%)
Since Inception rr_AverageAnnualReturnSinceInception 2.78%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.55%)
Five Years rr_AverageAnnualReturnYear05 0.07%
Since Inception rr_AverageAnnualReturnSinceInception 2.71%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.46% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.74%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.61%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 62
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 223
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 399
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 906
One Year rr_AverageAnnualReturnYear01 (1.51%)
Five Years rr_AverageAnnualReturnYear05 0.38% [7]
Since Inception rr_AverageAnnualReturnSinceInception 3.57% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.03%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.46% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.59%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.13%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.46%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 47
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 176
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 316
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 725
One Year rr_AverageAnnualReturnYear01 (1.29%)
Five Years rr_AverageAnnualReturnYear05 0.62% [7]
Since Inception rr_AverageAnnualReturnSinceInception 3.74% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.2% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; 0.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
XML 58 R98.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle Index 2020 Fund
TIAA-CREF Lifecycle Index 2020 Fund
INVESTMENT OBJECTIVE

The Lifecycle Index 2020 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index 2020 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index 2020 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.36% 0.11% 0.11%
Acquired Fund Fees and Expenses [2] 0.11% 0.11% 0.11%
Total Annual Fund Operating Expenses 0.62% 0.47% 0.32%
Waivers and Expense Reimbursements [3][4] (0.19%) (0.14%) (0.14%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.03%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index 2020 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 179 137 89
5 Years 327 249 166
10 Years 756 578 392
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 14% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 61.20% of its assets to equity Underlying Funds and 38.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 45.90%; International Equity: 15.30%; Fixed-Income: 35.60%; and Inflation-Protected Assets: 3.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

63.78%

U.S. Equity

47.60%

l Equity Index Fund

47.60%

   

International Equity

16.18%

l International Equity Index Fund

11.97%

       

l Emerging Markets Equity Index Fund

4.21%

FIXED-INCOME

36.22%

Fixed-Income

33.55%

l Bond Index Fund

33.55%

   

Inflation-Protected
Assets

2.67%

l Inflation-Linked Bond Fund

2.67%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2020 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.96%.

Best quarter: 9.39%, for the quarter ended September 30, 2010. Worst quarter: -9.69%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index 2020 Fund
One Year
Since Inception
Inception Date
Retirement Class
1.32% 7.14% Sep. 30, 2009
Retirement Class After Taxes on Distributions
0.91% 6.76%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
1.08% 5.98%  
Institutional Class
1.53% 7.39% Sep. 30, 2009
Premier Class
1.34% 7.18% Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% 10.45% [1]  
Lifecycle Index 2020 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] 1.58% 7.61% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 33.8% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
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XML 60 R91.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle Index 2015 Fund
TIAA-CREF Lifecycle Index 2015 Fund
INVESTMENT OBJECTIVE

The Lifecycle Index 2015 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index 2015 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index 2015 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.36% 0.12% 0.12%
Acquired Fund Fees and Expenses [2] 0.11% 0.11% 0.11%
Total Annual Fund Operating Expenses 0.62% 0.48% 0.33%
Waivers and Expense Reimbursements [3][4] (0.19%) (0.15%) (0.15%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.03%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index 2015 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 179 139 91
5 Years 327 254 170
10 Years 756 589 403
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 21% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 53.20% of its assets to equity Underlying Funds and 46.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 39.90%; International Equity: 13.30%; Fixed-Income: 41.60%; and Inflation-Protected Assets: 5.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

55.84%

U.S. Equity

41.68%

l Equity Index Fund

41.68%

   

International Equity

14.16%

l International Equity Index Fund

10.47%

       

l Emerging Markets Equity Index Fund

3.69%

FIXED-INCOME

44.16%

Fixed-Income

39.55%

l Bond Index Fund

39.55%

   

Inflation-Protected
Assets

4.61%

l Inflation-Linked Bond Fund

4.61%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2015 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.60%.

Best quarter: 8.63%, for the quarter ended September 30, 2010. Worst quarter: -8.09%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index 2015 Fund
One Year
Since Inception
Inception Date
Retirement Class
2.28% 7.15% Sep. 30, 2009
Retirement Class After Taxes on Distributions
1.81% 6.74%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
1.68% 5.96%  
Institutional Class
2.56% 7.43% Sep. 30, 2009
Premier Class
2.38% 7.27% Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% 10.45% [1]  
Lifecycle Index 2015 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] 2.54% 7.63% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 39.8% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 61 R132.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2040 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2040 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 17% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 17.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.39%

U.S. Equity

67.37%

l Equity Index Fund

67.37%

   

International Equity

23.02%

l International Equity Index Fund

17.04%

       

l Emerging Markets Equity Index Fund

5.98%

FIXED-INCOME

9.61%

Fixed-Income

9.61%

l Bond Index Fund

9.61%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2040 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.40%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 11.87%, for the quarter ended September 30, 2010. Worst quarter: -14.82%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.40%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.87%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.82%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception 10.45% [1]
Lifecycle Index 2040 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.39%) [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.44% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.34%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.58%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.15%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 171
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 309
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 711
Annual Return 2010 rr_AnnualReturn2010 13.50%
Annual Return 2011 rr_AnnualReturn2011 (1.70%)
One Year rr_AverageAnnualReturnYear01 (1.70%)
Since Inception rr_AverageAnnualReturnSinceInception 6.96%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.98%)
Since Inception rr_AverageAnnualReturnSinceInception 6.68%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.79%)
Since Inception rr_AverageAnnualReturnSinceInception 5.92%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.09%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.43%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.10%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 128
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 231
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 532
One Year rr_AverageAnnualReturnYear01 (1.60%)
Since Inception rr_AverageAnnualReturnSinceInception 7.04%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.09%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.28%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.10%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 80
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 147
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 346
One Year rr_AverageAnnualReturnYear01 (1.42%)
Since Inception rr_AverageAnnualReturnSinceInception 7.24%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
XML 62 R146.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2050 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2050 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 30% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 30.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2050. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2050 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2057 to 2060. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.39%

U.S. Equity

67.36%

l Equity Index Fund

67.36%

   

International Equity

23.03%

l International Equity Index Fund

17.03%

       

l Emerging Markets Equity Index Fund

6.00%

FIXED-INCOME

9.61%

Fixed-Income

9.61%

l Bond Index Fund

9.61%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2050 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.36%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 11.85%, for the quarter ended September 30, 2010. Worst quarter: -14.85%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.36%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.85%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.85%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception 10.45% [1]
Lifecycle Index 2050 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.39%) [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.44% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.60%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.84%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.41%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 227
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 426
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 999
Annual Return 2010 rr_AnnualReturn2010 13.51%
Annual Return 2011 rr_AnnualReturn2011 (1.70%)
One Year rr_AverageAnnualReturnYear01 (1.70%)
Since Inception rr_AverageAnnualReturnSinceInception 6.98%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.97%)
Since Inception rr_AverageAnnualReturnSinceInception 6.64%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.80%)
Since Inception rr_AverageAnnualReturnSinceInception 5.93%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.34%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.68%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.35%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 182
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 344
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 813
One Year rr_AverageAnnualReturnYear01 (1.50%)
Since Inception rr_AverageAnnualReturnSinceInception 7.11%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.34%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.53%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.35%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 135
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 261
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 631
One Year rr_AverageAnnualReturnYear01 (1.41%)
Since Inception rr_AverageAnnualReturnSinceInception 7.27%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2050 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
XML 63 R119.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle Index 2035 Fund
TIAA-CREF Lifecycle Index 2035 Fund
INVESTMENT OBJECTIVE

The Lifecycle Index 2035 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index 2035 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index 2035 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.36% 0.11% 0.11%
Acquired Fund Fees and Expenses [2] 0.09% 0.09% 0.09%
Total Annual Fund Operating Expenses 0.60% 0.45% 0.30%
Waivers and Expense Reimbursements [3][4] (0.17%) (0.12%) (0.12%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index 2035 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 175 132 84
5 Years 318 240 157
10 Years 734 555 369
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 19% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 85.20% of its assets to equity Underlying Funds and 14.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 63.90%; International Equity: 21.30%; Fixed-Income: 14.80%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

87.39%

U.S. Equity

65.15%

l Equity Index Fund

65.15%

   

International Equity

22.24%

l International Equity Index Fund

16.45%

       

l Emerging Markets Equity Index Fund

5.79%

FIXED-INCOME

12.61%

Fixed-Income

12.61%

l Bond Index Fund

12.61%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2035 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.22%.

Best quarter: 11.89%, for the quarter ended September 30, 2010. Worst quarter: -14.45%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index 2035 Fund
One Year
Since Inception
Inception Date
Retirement Class
(1.49%) 7.04% Sep. 30, 2009
Retirement Class After Taxes on Distributions
(1.77%) 6.74%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(0.67%) 5.98%  
Institutional Class
(1.21%) 7.31% Sep. 30, 2009
Premier Class
(1.31%) 7.15% Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% 10.45% [1]  
Lifecycle Index 2035 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] (1.17%) 7.51% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
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Document and Entity Information
0 Months Ended
Jun. 30, 2012
Risk/Return:  
Document Type 485BPOS
Document Period End Date Jun. 30, 2012
Registrant Name TIAA-CREF FUNDS
Central Index Key 0001084380
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Document Creation Date Sep. 28, 2012
Document Effective Date Oct. 01, 2012
Prospectus Date Oct. 01, 2012
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2035 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2035 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 19% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 19.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2035. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 85.20% of its assets to equity Underlying Funds and 14.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2035 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2042 to 2045. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 63.90%; International Equity: 21.30%; Fixed-Income: 14.80%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

87.39%

U.S. Equity

65.15%

l Equity Index Fund

65.15%

   

International Equity

22.24%

l International Equity Index Fund

16.45%

       

l Emerging Markets Equity Index Fund

5.79%

FIXED-INCOME

12.61%

Fixed-Income

12.61%

l Bond Index Fund

12.61%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2035 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.22%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 11.89%, for the quarter ended September 30, 2010. Worst quarter: -14.45%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.22%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 11.89%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (14.45%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception 10.45% [1]
Lifecycle Index 2035 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.17%) [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.51% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.36%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.60%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.17%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 175
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 318
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 734
Annual Return 2010 rr_AnnualReturn2010 13.41%
Annual Return 2011 rr_AnnualReturn2011 (1.49%)
One Year rr_AverageAnnualReturnYear01 (1.49%)
Since Inception rr_AverageAnnualReturnSinceInception 7.04%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.77%)
Since Inception rr_AverageAnnualReturnSinceInception 6.74%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (0.67%)
Since Inception rr_AverageAnnualReturnSinceInception 5.98%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.45%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.12%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 132
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 240
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 555
One Year rr_AverageAnnualReturnYear01 (1.31%)
Since Inception rr_AverageAnnualReturnSinceInception 7.15%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.11%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.09% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.30%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.12%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 84
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 157
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 369
One Year rr_AverageAnnualReturnYear01 (1.21%)
Since Inception rr_AverageAnnualReturnSinceInception 7.31%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2035 Fund Composite Index consisted of: 65.7% Russell 3000 Index; 21.9% MSCI EAFE + Emerging Markets Index; and 12.4% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
XML 68 R184.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Prospectus Date rr_ProspectusDate Oct. 01, 2012
XML 69 R90.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle Index 2010 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle Index 2010 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 25% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 25.00%
Acquired Fund Fees and Expenses, Based on Estimates [Text] rr_AcquiredFundFeesAndExpensesBasedOnEstimates "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 47.00% of its assets to equity Underlying Funds and 53.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 35.25%; International Equity: 11.75%; Fixed-Income: 45.80%; and Inflation-Protected Assets: 7.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

49.06%

U.S. Equity

36.61%

l Equity Index Fund

36.61%

   

International Equity

12.45%

l International Equity Index Fund

9.21%

       

l Emerging Markets Equity Index Fund

3.24%

FIXED-INCOME

50.94%

Fixed-Income

44.39%

l Bond Index Fund

44.39%

   

Inflation-Protected
Assets

6.55%

l Inflation-Linked Bond Fund

6.55%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle Index 2010 Fund Composite Index consisted of: 44.9% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2010 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.26%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 7.77%, for the quarter ended September 30, 2010. Worst quarter: -6.63%, for the quarter ended September 30, 2011.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 5.26%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Sep. 30, 2010
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 7.77%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Sep. 30, 2011
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (6.63%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 7.84%
Since Inception rr_AverageAnnualReturnSinceInception 6.46% [1]
Lifecycle Index 2010 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 3.40% [2]
Since Inception rr_AverageAnnualReturnSinceInception 7.61% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.41%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.12% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.68%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.25%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.43%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 44
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 192
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 354
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 823
Annual Return 2010 rr_AnnualReturn2010 10.48%
Annual Return 2011 rr_AnnualReturn2011 3.07%
One Year rr_AverageAnnualReturnYear01 3.07%
Since Inception rr_AverageAnnualReturnSinceInception 7.12%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 2.49%
Since Inception rr_AverageAnnualReturnSinceInception 6.64%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 2.17%
Since Inception rr_AverageAnnualReturnSinceInception 5.88%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.16%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.12% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.53%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.20%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.33%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 34
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 150
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 276
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 646
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Premier Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 3.14%
Since Inception rr_AverageAnnualReturnSinceInception 7.23%
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.16%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.12% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.38%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.20%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.18%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 18
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 102
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 193
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 461
One Year rr_AverageAnnualReturnYear01 3.33%
Since Inception rr_AverageAnnualReturnSinceInception 7.40%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2010 Fund Composite Index consisted of: 44.9% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.04%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
XML 70 R23.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle 2020 Fund
TIAA-CREF Lifecycle 2020 Fund
INVESTMENT OBJECTIVE

The Lifecycle 2020 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle 2020 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle 2020 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.28% 0.03% 0.03%
Acquired Fund Fees and Expenses [2] 0.44% 0.44% 0.44%
Total Annual Fund Operating Expenses 0.87% 0.72% 0.57%
Waivers and Expense Reimbursements [3][4] (0.18%) (0.13%) (0.13%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.69% 0.59% 0.44%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle 2020 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 70 60 45
3 Years 260 217 170
5 Years 465 388 305
10 Years 1,056 882 701
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 8% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2020.


The Fund expects to allocate approximately 61.20% of its assets to equity Underlying Funds and 38.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2020 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2027 to 2030. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 45.90%; International Equity: 15.30%; Fixed-Income: 32.40%; Short-Term Fixed-Income: 3.20%; and Inflation-Protected Assets: 3.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund, and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

63.72%

U.S. Equity

45.92%

· Large-Cap Growth Fund

8.55%

       

· Enhanced Large-Cap Growth Index Fund

8.49%

       

· Large-Cap Value Fund

8.44%

       

· Enhanced Large-Cap Value Index Fund

8.44%

       

· Growth & Income Fund

7.16%

       

· Small-Cap Equity Fund

3.56%

       

· Mid-Cap Value Fund

0.65%

       

· Mid-Cap Growth Fund

0.63%

   

International Equity

17.80%

· Enhanced International Equity Index Fund

6.00%

       

· International Equity Fund

5.95%

       

· Emerging Markets Equity Fund

4.23%

       

· Global Natural Resources Fund

1.62%

FIXED-INCOME

36.28%

Fixed-Income

30.87%

· Bond Fund

25.17%

       

· Bond Plus Fund

3.14%

       

· High-Yield Fund

2.56%

   

Short-Term
Fixed-Income

2.73%

· Short-Term Bond Fund

2.73%

           
   

Inflation-Protected
Assets

2.68%

· Inflation-Linked Bond Fund

2.68%


         

Total

100.00%

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2020 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.50%.

Best quarter: 13.85%, for the quarter ended June 30, 2009. Worst quarter: -14.95%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle 2020 Fund
One Year
Five Years
Since Inception
Inception Date
Retirement Class
(0.52%) 1.07% 3.87% Oct. 15, 2004
Retirement Class After Taxes on Distributions
(1.40%) 0.38% 3.04%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
0.14% 0.62% 2.95%  
Institutional Class
(0.29%) 1.31% [1] 4.04% [1] Jan. 17, 2007
Premier Class
(0.49%) 1.12% [1] 3.90% [1] Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% (0.01%) 4.34% [2]  
Lifecycle 2020 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] 1.47% 1.43% 4.32% [2]  
[1] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle 2020 Fund Composite Index consisted of: 47.7% Russell 3000 Index; 31.2% Barclays U.S. Aggregate Bond Index; 15.9% MSCI EAFE + Emerging Markets Index; 2.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 2.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                       
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 71 R84.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle Index 2010 Fund
TIAA-CREF Lifecycle Index 2010 Fund
INVESTMENT OBJECTIVE

The Lifecycle Index 2010 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index 2010 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index 2010 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.41% 0.16% 0.16%
Acquired Fund Fees and Expenses [2] 0.12% 0.12% 0.12%
Total Annual Fund Operating Expenses 0.68% 0.53% 0.38%
Waivers and Expense Reimbursements [3][4] (0.25%) (0.20%) (0.20%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.04%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index 2010 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 192 150 102
5 Years 354 276 193
10 Years 823 646 461
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 25% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 47.00% of its assets to equity Underlying Funds and 53.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 35.25%; International Equity: 11.75%; Fixed-Income: 45.80%; and Inflation-Protected Assets: 7.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

49.06%

U.S. Equity

36.61%

l Equity Index Fund

36.61%

   

International Equity

12.45%

l International Equity Index Fund

9.21%

       

l Emerging Markets Equity Index Fund

3.24%

FIXED-INCOME

50.94%

Fixed-Income

44.39%

l Bond Index Fund

44.39%

   

Inflation-Protected
Assets

6.55%

l Inflation-Linked Bond Fund

6.55%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2010 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.26%.

Best quarter: 7.77%, for the quarter ended September 30, 2010. Worst quarter: -6.63%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index 2010 Fund
One Year
Since Inception
Inception Date
Retirement Class
3.07% 7.12% Sep. 30, 2009
Retirement Class After Taxes on Distributions
2.49% 6.64%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
2.17% 5.88%  
Institutional Class
3.33% 7.40% Sep. 30, 2009
Premier Class
    Sep. 30, 2009
Premier Class After Taxes on Distributions
3.14% 7.23%  
Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)
7.84% 6.46% [1]  
Lifecycle Index 2010 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] 3.40% 7.61% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2010 Fund Composite Index consisted of: 44.9% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 72 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2010 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2010 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 13% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 13.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have recently retired or have an approximate target retirement year within a few years, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors who retired in 2010 or plan to retire within a few years of 2010.


The Fund expects to allocate approximately 47.00% of its assets to equity Underlying Funds and 53.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative. The Fund had target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2010 and will reach the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2017 to 2020. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 35.25%; International Equity: 11.75%; Fixed-Income: 38.60%; Short-Term Fixed-Income: 7.20%; and Inflation-Protected Assets: 7.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

49.08%

U.S. Equity

35.38%

· Large-Cap Growth Fund

6.59%

       

· Enhanced Large-Cap Growth Index Fund

6.55%

       

· Large-Cap Value Fund

6.49%

       

· Enhanced Large-Cap Value Index Fund

6.49%

       

· Growth & Income Fund

5.52%

       

· Small-Cap Equity Fund

2.75%

       

· Mid-Cap Value Fund

0.50%

       

· Mid-Cap Growth Fund

0.49%

   

International Equity

13.70%

· Enhanced International Equity Index Fund

4.62%

       

· International Equity Fund

4.59%

       

· Emerging Markets Equity Fund

3.24%

       

· Global Natural Resources Fund

1.25%

FIXED-INCOME

50.92%

Fixed-Income

37.70%

· Bond Fund

35.92%

       

· High-Yield Fund

0.89%

       

· Bond Plus Fund

0.89%

   

Short-Term
Fixed-Income

6.67%

· Short-Term Bond Fund

6.67%

           
   

Inflation-Protected
Assets

6.55%

· Inflation-Linked Bond Fund

6.55%


         

Total

100.00%

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle 2010 Fund Composite Index consisted of: 38.3% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; 6.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2010 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 5.69%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 10.87%, for the quarter ended June 30, 2009. Worst quarter: -11.04%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 5.69%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 10.87%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (11.04%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Barclays U.S. Aggregate Bond Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 7.84%
Five Years rr_AverageAnnualReturnYear05 6.50%
Since Inception rr_AverageAnnualReturnSinceInception 5.49% [1]
Lifecycle 2010 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 3.10% [2]
Five Years rr_AverageAnnualReturnYear05 2.78% [2]
Since Inception rr_AverageAnnualReturnSinceInception 4.78% [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.29%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.41% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.85%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.19%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.66%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 67
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 252
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 453
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,031
Annual Return 2005 rr_AnnualReturn2005 4.23%
Annual Return 2006 rr_AnnualReturn2006 8.39%
Annual Return 2007 rr_AnnualReturn2007 9.20%
Annual Return 2008 rr_AnnualReturn2008 (23.57%)
Annual Return 2009 rr_AnnualReturn2009 19.36%
Annual Return 2010 rr_AnnualReturn2010 11.53%
Annual Return 2011 rr_AnnualReturn2011 1.48%
One Year rr_AverageAnnualReturnYear01 1.48%
Five Years rr_AverageAnnualReturnYear05 2.43%
Since Inception rr_AverageAnnualReturnSinceInception 4.33%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 15, 2004
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 0.69%
Five Years rr_AverageAnnualReturnYear05 1.65%
Since Inception rr_AverageAnnualReturnSinceInception 3.44%
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.10%
Five Years rr_AverageAnnualReturnYear05 1.68%
Since Inception rr_AverageAnnualReturnSinceInception 3.27%
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.41% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.70%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.14%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.56%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 57
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 210
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 376
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 857
One Year rr_AverageAnnualReturnYear01 1.58%
Five Years rr_AverageAnnualReturnYear05 2.47% [7]
Since Inception rr_AverageAnnualReturnSinceInception 4.35% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.41% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.55%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.14%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.41%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 42
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 162
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 293
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 676
One Year rr_AverageAnnualReturnYear01 1.69%
Five Years rr_AverageAnnualReturnYear05 2.68% [7]
Since Inception rr_AverageAnnualReturnSinceInception 4.50% [7]
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 17, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle 2010 Fund Composite Index consisted of: 38.3% Barclays U.S. Aggregate Bond Index; 36.4% Russell 3000 Index; 12.1% MSCI EAFE + Emerging Markets Index; 6.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 6.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
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TIAA-CREF Lifecycle 2015 Fund
TIAA-CREF Lifecycle 2015 Fund
INVESTMENT OBJECTIVE

The Lifecycle 2015 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle 2015 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle 2015 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.28% 0.03% 0.03%
Acquired Fund Fees and Expenses [2] 0.42% 0.42% 0.42%
Total Annual Fund Operating Expenses 0.85% 0.70% 0.55%
Waivers and Expense Reimbursements [3][4] (0.18%) (0.13%) (0.13%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.67% 0.57% 0.42%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle 2015 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 68 58 43
3 Years 253 211 163
5 Years 454 377 294
10 Years 1,032 858 677
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 11% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2015.


The Fund expects to allocate approximately 53.20% of its assets to equity Underlying Funds and 46.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2015 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2022 to 2025. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 39.90%; International Equity: 13.30%; Fixed-Income: 36.40%; Short-Term Fixed-Income: 5.20%; and Inflation-Protected Assets: 5.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

55.85%

U.S. Equity

40.24%

· Large-Cap Growth Fund

7.47%

       

· Enhanced Large-Cap Growth Index Fund

7.43%

       

· Large-Cap Value Fund

7.41%

       

· Enhanced Large-Cap Value Index Fund

7.41%

       

· Growth & Income Fund

6.28%

       

· Small-Cap Equity Fund

3.12%

       

· Mid-Cap Value Fund

0.57%

       

· Mid-Cap Growth Fund

0.55%

   

International Equity

15.61%

· Enhanced International Equity Index Fund

5.26%

       

· International Equity Fund

5.22%

       

· Emerging Markets Equity Fund

3.70%

       

· Global Natural Resources Fund

1.43%

FIXED-INCOME

44.15%

Fixed-Income

34.85%

· Bond Fund

31.69%

       

· High-Yield Fund

1.59%

       

· Bond Plus Fund

1.57%

   

Short-Term
Fixed-Income

4.69%

· Short-Term Bond Fund

4.69%

           
   

Inflation-Protected
Assets

4.61%

· Inflation-Linked Bond Fund

4.61%


         

Total

100.00%

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2015 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.13%.

Best quarter: 12.39%, for the quarter ended June 30, 2009. Worst quarter: -12.97%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle 2015 Fund
One Year
Five Years
Since Inception
Inception Date
Retirement Class
0.46% 1.83% 4.18% Oct. 15, 2004
Retirement Class After Taxes on Distributions
(0.54%) 1.06% 3.30%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
0.83% 1.22% 3.18%  
Institutional Class
0.74% 2.10% [1] 4.37% [1] Jan. 17, 2007
Premier Class
0.65% 1.89% [1] 4.22% [1] Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% (0.01%) 4.34% [2]  
Lifecycle 2015 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] 2.33% 2.15% 4.62% [2]  
[1] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle 2015 Fund Composite Index consisted of: 41.7% Russell 3000 Index; 35.2% Barclays U.S. Aggregate Bond Index; 13.9% MSCI EAFE + Emerging Markets Index; 4.6% Barclays U.S. 1-5 Year Government/Credit Bond Index; and 4.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                       

Current performance of the Fund’s shares may be higher or lower than that shown above.


                       

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
XML 75 R64.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifecycle 2045 Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Lifecycle 2045 Fund seeks high total return over time through a combination of capital appreciation and income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 9% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 9.00%
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.24%

U.S. Equity

65.16%

· Large-Cap Value Fund

12.13%

       

· Enhanced Large-Cap Value Index Fund

12.13%

       

· Large-Cap Growth Fund

11.97%

       

· Enhanced Large-Cap Growth Index Fund

11.92%

       

· Growth & Income Fund

10.19%

       

· Small-Cap Equity Fund

4.99%

       

· Mid-Cap Value Fund

0.94%

       

· Mid-Cap Growth Fund

0.89%

   

International Equity

25.08%

· Enhanced International Equity Index Fund

8.43%

       

· International Equity Fund

8.43%

       

· Emerging Markets Equity Fund

5.94%

       

· Global Natural Resources Fund

2.28%

FIXED-INCOME

9.76%

Fixed-Income

9.76%

· Bond Plus Fund

5.85%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund's performance from year to year.
Performance Additional Market Index [Text] rr_PerformanceAdditionalMarketIndex As of the close of business on December 31, 2011, the Lifecycle 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future.
Bar Chart [Heading] rr_BarChartHeading ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2045 Fund
Bar Chart Footnotes [Text Block] rr_BarChartFootnotesTextBlock

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.68%.

Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Best quarter: 17.33%, for the quarter ended June 30, 2009. Worst quarter: -21.15%, for the quarter ended December 31, 2008.

Year to Date Return, Label rr_YearToDateReturnLabel The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 7.68%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel Best Quarter:
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 17.33%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel Worst Quarter:
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (21.15%)
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deductions for fees, expenses or taxes)
Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs).
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.
Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
Caption rr_AverageAnnualReturnCaption AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 1.03%
Since Inception rr_AverageAnnualReturnSinceInception (1.38%) [1]
Lifecycle 2045 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (1.39%) [2]
Since Inception rr_AverageAnnualReturnSinceInception (2.09%) [1],[2]
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.05% [3]
Other Expenses rr_OtherExpensesOverAssets 0.33%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.97%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.23%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.74%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 76
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 286
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 514
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,169
Annual Return 2008 rr_AnnualReturn2008 (38.92%)
Annual Return 2009 rr_AnnualReturn2009 28.28%
Annual Return 2010 rr_AnnualReturn2010 15.10%
Annual Return 2011 rr_AnnualReturn2011 (3.88%)
One Year rr_AverageAnnualReturnYear01 (3.88%)
Since Inception rr_AverageAnnualReturnSinceInception (3.48%)
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
Retirement Class | After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (4.32%)
Since Inception rr_AverageAnnualReturnSinceInception (4.05%)
Retirement Class | After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
One Year rr_AverageAnnualReturnYear01 (2.27%)
Since Inception rr_AverageAnnualReturnSinceInception (3.16%)
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15% [3]
Other Expenses rr_OtherExpensesOverAssets 0.07%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.81%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.17%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.64%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 65
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 242
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 433
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 986
One Year rr_AverageAnnualReturnYear01 (3.72%)
Since Inception rr_AverageAnnualReturnSinceInception (3.40%) [7]
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 30, 2009
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Maximum Account Fee rr_MaximumAccountFeeOverAssets none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets    [3]
Other Expenses rr_OtherExpensesOverAssets 0.07%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.49% [4]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.66%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.17%) [5],[6]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.49%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 50
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 194
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 351
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 806
One Year rr_AverageAnnualReturnYear01 (3.63%)
Since Inception rr_AverageAnnualReturnSinceInception (3.24%)
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 30, 2007
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
[3] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[4] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[5] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[6] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
[7] The performance shown for the Premier Class that is prior to its inception date is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Premier Class.
XML 76 R161.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifestyle Conservative Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks long-term total return, consisting of current income and capital appreciation.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 17% (not annualized) of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 17.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are estimates for the current fiscal year.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking long-term total return, consisting of current income and capital appreciation, through a relatively stable asset allocation strategy targeting a conservative risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 40% of its assets in equity Underlying Funds and (2) approximately 60% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

40.73%

U.S. Equity

28.40%

· Large-Cap Value Fund

7.06%

       

· Large-Cap Growth Fund

6.93%

       

· Growth & Income Fund

5.93%

       

· Enhanced Large-Cap Value Index Fund

2.65%

       

· Enhanced Large-Cap Growth Index Fund

2.60%

       

· Small-Cap Equity Fund

2.17%

       

· Mid-Cap Value Fund

0.55%

       

· Mid-Cap Growth Fund

0.51%

   

International Equity

12.33%

· International Equity Fund

5.65%

       

· Enhanced International Equity Index Fund

3.74%

       

· Emerging Markets Equity Fund

2.94%

FIXED-INCOME

59.27%

Fixed-Income

39.50%

· Bond Plus Fund

29.63%

       

· Bond Fund

9.87%

   

Short-Term
Fixed-Income

19.77%

· Short-Term Bond Fund

19.77%


           

Total

100.00%

 

100.00%

 

100.00%

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance information is not available for the Fund because the Fund has less than one calendar year of performance.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Retail Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther 15.00
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.68% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.40% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.43%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.54%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.89%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 91
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 399
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.79% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.40% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.29%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.54%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.75%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 77
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 356
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15%
Other Expenses rr_OtherExpensesOverAssets 0.55% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.40% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.20%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.55%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.65%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 66
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 326
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.55% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.40% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.05%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.55%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.50%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 51
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 279
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
XML 77 R51.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle 2040 Fund
TIAA-CREF Lifecycle 2040 Fund
INVESTMENT OBJECTIVE

The Lifecycle 2040 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle 2040 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle 2040 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.28% 0.03% 0.03%
Acquired Fund Fees and Expenses [2] 0.49% 0.49% 0.49%
Total Annual Fund Operating Expenses 0.92% 0.77% 0.62%
Waivers and Expense Reimbursements [3][4] (0.18%) (0.13%) (0.13%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.74% 0.64% 0.49%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle 2040 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 76 65 50
3 Years 275 233 185
5 Years 492 415 333
10 Years 1,115 942 762
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 5% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.25%

U.S. Equity

65.10%

· Large-Cap Growth Fund

12.07%

       

· Large-Cap Value Fund

12.02%

       

· Enhanced Large-Cap Value Index Fund

12.02%

       

· Enhanced Large-Cap Growth Index Fund

11.99%

       

· Growth & Income Fund

10.15%

       

· Small-Cap Equity Fund

5.03%

       

· Mid-Cap Value Fund

0.93%

       

· Mid-Cap Growth Fund

0.89%

   

International Equity

25.15%

· Enhanced International Equity Index Fund

8.47%

       

· International Equity Fund

8.42%

       

· Emerging Markets Equity Fund

5.97%

       

· Global Natural Resources Fund

2.29%

FIXED-INCOME

9.75%

Fixed-Income

9.75%

· Bond Plus Fund

5.84%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the


different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2040 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.75%.

Best quarter: 17.54%, for the quarter ended June 30, 2009. Worst quarter: -20.27%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle 2040 Fund
One Year
Five Years
Since Inception
Inception Date
Retirement Class
(3.87%) (0.61%) 3.41% Oct. 15, 2004
Retirement Class After Taxes on Distributions
(4.44%) (1.11%) 2.69%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(2.07%) (0.69%) 2.64%  
Institutional Class
(3.58%) (0.35%) [1] 3.60% [1] Jan. 17, 2007
Premier Class
(3.68%) (0.55%) [1] 3.45% [1] Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% (0.01%) 4.34% [2]  
Lifecycle 2040 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] (1.39%) (0.30%) 3.88% [2]  
[1] The performance shown for the Institutional Class and Premier Class that is prior to their inception dates is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Institutional Class and Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                       
 

Current performance of the Fund’s shares may be higher or lower than that shown above.

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
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TIAA-CREF Lifestyle Growth Fund
TIAA-CREF Lifestyle Growth Fund
INVESTMENT OBJECTIVE

The Fund seeks long-term growth of capital with some current income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifestyle Growth Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none none
Maximum Deferred Sales Charge none none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none none
Redemption or Exchange Fee none none none none
Account Maintenance Fee (annual fee on accounts under $2,000) 15.00 none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifestyle Growth Fund
Retail Class
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees 0.25%   0.15%  
Other Expenses [1] 0.65% 0.76% 0.52% 0.52%
Acquired Fund Fees and Expenses [2] 0.48% 0.48% 0.48% 0.48%
Total Annual Fund Operating Expenses 1.48% 1.34% 1.25% 1.10%
Waivers and Expense Reimbursements [3] (0.51%) (0.51%) (0.52%) (0.52%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.97% 0.83% 0.73% 0.58%
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifestyle Growth Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
1 Year 99 85 75 59
3 Years 418 374 345 298
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 7% (not annualized) of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking long-term growth of capital with some current income through a relatively stable asset allocation strategy targeting a growth-oriented risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 80% of its assets in equity Underlying Funds and (2) approximately 20% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

80.59%

U.S. Equity

56.10%

· Large-Cap Growth Fund

13.92%

       

· Large-Cap Value Fund

13.74%

       

· Growth & Income Fund

11.66%

       

· Enhanced Large-Cap Growth Index Fund

5.19%

       

· Enhanced Large-Cap Value Index Fund

5.15%

       

· Small-Cap Equity Fund

4.36%

       

· Mid-Cap Value Fund

1.05%

       

· Mid-Cap Growth Fund

1.03%

   

International Equity

24.49%

· International Equity Fund

11.12%

       

· Enhanced International Equity Index Fund

7.49%

       

· Emerging Markets Equity Fund

5.88%

FIXED-INCOME

19.41%

Fixed-Income

19.41%

· Bond Plus Fund

19.41%


           

Total

100.00%

 

100.00%

 

100.00%

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. Because the Fund targets its investments in a higher percentage of equity Underlying Funds, Equity Underlying Fund Risks are expected to predominate.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

XML 79 R105.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle Index 2025 Fund
TIAA-CREF Lifecycle Index 2025 Fund
INVESTMENT OBJECTIVE

The Lifecycle Index 2025 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index 2025 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index 2025 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.36% 0.11% 0.11%
Acquired Fund Fees and Expenses [2] 0.10% 0.10% 0.10%
Total Annual Fund Operating Expenses 0.61% 0.46% 0.31%
Waivers and Expense Reimbursements [3][4] (0.18%) (0.13%) (0.13%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.02%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index 2025 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 177 134 87
5 Years 322 245 161
10 Years 745 567 381
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 12% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2025. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 69.20% of its assets to equity Underlying Funds and 30.80% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2025 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2032 to 2035. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 51.90%; International Equity: 17.30%; Fixed-Income: 29.60%; and Inflation-Protected Assets: 1.20%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

71.68%

U.S. Equity

53.49%

l Equity Index Fund

53.49%

   

International Equity

18.19%

l International Equity Index Fund

13.46%

       

l Emerging Markets Equity Index Fund

4.73%

FIXED-INCOME

28.32%

Fixed-Income

27.57%

l Bond Index Fund

27.57%

   

Inflation-Protected
Assets

0.75%

l Inflation-Linked Bond Fund

0.75%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2025 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 6.41%.

Best quarter: 10.18%, for the quarter ended September 30, 2010. Worst quarter: -11.34%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index 2025 Fund
One Year
Since Inception
Inception Date
Retirement Class
0.38% 7.12% Sep. 30, 2009
Retirement Class After Taxes on Distributions
0.02% 6.77%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
0.50% 6.00%  
Institutional Class
0.56% 7.36% Sep. 30, 2009
Premier Class
0.47% 7.24% Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% 10.45% [1]  
Lifecycle Index 2025 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] 0.62% 7.57% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2025 Fund Composite Index consisted of: 53.7% Russell 3000 Index; 27.8% Barclays U.S. Aggregate Bond Index; 17.9% MSCI EAFE + Emerging Markets Index; and 0.6% Barclays U.S. Treasury Inflation Protected Securities Index (Series-L). The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading TIAA-CREF Lifestyle Growth Fund
Objective [Heading] rr_ObjectiveHeading INVESTMENT OBJECTIVE
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

The Fund seeks long-term growth of capital with some current income.

Expense [Heading] rr_ExpenseHeading FEES AND EXPENSES
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination 2013-09-30
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading PORTFOLIO TURNOVER
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 7% (not annualized) of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 7.00%
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Other Expenses are estimates for the current fiscal year.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Strategy [Heading] rr_StrategyHeading PRINCIPAL INVESTMENT STRATEGIES
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking long-term growth of capital with some current income through a relatively stable asset allocation strategy targeting a growth-oriented risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 80% of its assets in equity Underlying Funds and (2) approximately 20% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

80.59%

U.S. Equity

56.10%

· Large-Cap Growth Fund

13.92%

       

· Large-Cap Value Fund

13.74%

       

· Growth & Income Fund

11.66%

       

· Enhanced Large-Cap Growth Index Fund

5.19%

       

· Enhanced Large-Cap Value Index Fund

5.15%

       

· Small-Cap Equity Fund

4.36%

       

· Mid-Cap Value Fund

1.05%

       

· Mid-Cap Growth Fund

1.03%

   

International Equity

24.49%

· International Equity Fund

11.12%

       

· Enhanced International Equity Index Fund

7.49%

       

· Emerging Markets Equity Fund

5.88%

FIXED-INCOME

19.41%

Fixed-Income

19.41%

· Bond Plus Fund

19.41%


           

Total

100.00%

 

100.00%

 

100.00%

Risk [Heading] rr_RiskHeading PRINCIPAL INVESTMENT RISKS
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund. Because the Fund targets its investments in a higher percentage of equity Underlying Funds, Equity Underlying Fund Risks are expected to predominate.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

Risk Closing [Text Block] rr_RiskClosingTextBlock

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

Risk Lose Money [Text] rr_RiskLoseMoney You could lose money over short or long periods by investing in this Fund.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading PAST PERFORMANCE
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

Performance One Year or Less [Text] rr_PerformanceOneYearOrLess Performance information is not available for the Fund because the Fund has less than one calendar year of performance.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress www.tiaa-cref.org
Retail Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther 15.00
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.65% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.48% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.48%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.51%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.97%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 99
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 418
Retirement Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.76% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.48% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.34%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.51%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.83%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 85
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 374
Premier Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution (Rule 12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.15%
Other Expenses rr_OtherExpensesOverAssets 0.52% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.48% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.25%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.52%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.73%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 75
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 345
Institutional Class
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge rr_MaximumDeferredSalesChargeOverOfferingPrice none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther none
Redemption or Exchange Fee rr_RedemptionFeeOverRedemption none
Account Maintenance Fee (annual fee on accounts under $2,000) rr_ShareholderFeeOther none
Management Fees rr_ManagementFeesOverAssets 0.10%
Other Expenses rr_OtherExpensesOverAssets 0.52% [1]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.48% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.10%
Waivers and Expense Reimbursements rr_FeeWaiverOrReimbursementOverAssets (0.52%) [3]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.58%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 59
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 298
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
XML 82 R58.htm IDEA: XBRL DOCUMENT v2.4.0.6
TIAA-CREF Lifecycle 2045 Fund
TIAA-CREF Lifecycle 2045 Fund
INVESTMENT OBJECTIVE

The Lifecycle 2045 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle 2045 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle 2045 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.33% 0.07% 0.07%
Acquired Fund Fees and Expenses [2] 0.49% 0.49% 0.49%
Total Annual Fund Operating Expenses 0.97% 0.81% 0.66%
Waivers and Expense Reimbursements [3][4] (0.23%) (0.17%) (0.17%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.74% 0.64% 0.49%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.25% of average daily net assets for Retirement Class shares; (ii) 0.15% of average daily net assets for Premier Class shares; and (iii) 0.00% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] Advisors has contractually agreed to waive the Fund's Management Fees equal to, on an annual basis, 0.10%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle 2045 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 76 65 50
3 Years 286 242 194
5 Years 514 433 351
10 Years 1,169 986 806
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 9% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2045.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2045 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2052 to 2055. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, short-term fixed-income and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; Short-Term Fixed-Income: 0.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Growth & Income Fund, Large-Cap Growth Fund, Large-Cap Value Fund, Mid-Cap Growth Fund, Mid-Cap Value Fund, Small-Cap Equity Fund, Enhanced Large-Cap Growth Index Fund and Enhanced Large-Cap Value Index Fund (U.S. Equity); International Equity Fund, Enhanced International Equity Index Fund, Global Natural Resources Fund and Emerging Markets Equity Fund (International Equity); Bond Fund, Bond Plus Fund and High-Yield Fund (Fixed-Income); Short-Term Bond Fund and Money Market Fund (Short-Term Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders, and the portfolio management team may use tactical allocation to take advantage of short to intermediate term opportunities through a combination of positions in Underlying Funds. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.24%

U.S. Equity

65.16%

· Large-Cap Value Fund

12.13%

       

· Enhanced Large-Cap Value Index Fund

12.13%

       

· Large-Cap Growth Fund

11.97%

       

· Enhanced Large-Cap Growth Index Fund

11.92%

       

· Growth & Income Fund

10.19%

       

· Small-Cap Equity Fund

4.99%

       

· Mid-Cap Value Fund

0.94%

       

· Mid-Cap Growth Fund

0.89%

   

International Equity

25.08%

· Enhanced International Equity Index Fund

8.43%

       

· International Equity Fund

8.43%

       

· Emerging Markets Equity Fund

5.94%

       

· Global Natural Resources Fund

2.28%

FIXED-INCOME

9.76%

Fixed-Income

9.76%

· Bond Plus Fund

5.85%

       

· High-Yield Fund

3.91%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Active Lifecycle Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Short-term
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
-
40
67.50
22.50
10.00
-
-
35
67.50
22.50
10.00
-
-
30
67.50
22.50
10.00
-
-
25
67.50
22.50
10.00
-
-
20
61.50
20.50
18.00
-
-
15
55.50
18.50
26.00
-
-
10
49.50
16.50
30.00
2.00
2.00
5
43.50
14.50
34.00
4.00
4.00
0
37.50
12.50
38.00
6.00
6.00
-5
33.75
11.25
39.00
8.00
8.00
-10
30.00
10.00
40.00
10.00
10.00
-15
30.00
10.00
40.00
10.00
10.00
-20
30.00
10.00
40.00
10.00
10.00
-25
30.00
10.00
40.00
10.00
10.00
-30
30.00
10.00
40.00
10.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund or the Underlying Funds typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle 2045 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.68%.

Best quarter: 17.33%, for the quarter ended June 30, 2009. Worst quarter: -21.15%, for the quarter ended December 31, 2008.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle 2045 Fund
One Year
Since Inception
Inception Date
Retirement Class
(3.88%) (3.48%) Nov. 30, 2007
Retirement Class After Taxes on Distributions
(4.32%) (4.05%)  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(2.27%) (3.16%)  
Institutional Class
(3.63%) (3.24%) Nov. 30, 2007
Premier Class
(3.72%) (3.40%) [1] Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% (1.38%) [2]  
Lifecycle 2045 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[3] (1.39%) (2.09%) [2]  
[1] The performance shown for the Premier Class that is prior to its inception date is based on performance of the Fund's Retirement Class. The performance for these periods has not been restated to reflect the lower expenses of the Premier Class.
[2] Performance is calculated from the inception date of the Retirement Class.
[3] As of the close of business on December 31, 2011, the Lifecycle 2045 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 
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TIAA-CREF Lifecycle Index 2040 Fund
TIAA-CREF Lifecycle Index 2040 Fund
INVESTMENT OBJECTIVE

The Lifecycle Index 2040 Fund seeks high total return over time through a combination of capital appreciation and income.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund.

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifecycle Index 2040 Fund
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none
Maximum Deferred Sales Charge none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none
Redemption or Exchange Fee none none none
Maximum Account Fee none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifecycle Index 2040 Fund
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees [1] 0.05% 0.15%   
Other Expenses 0.34% 0.09% 0.09%
Acquired Fund Fees and Expenses [2] 0.09% 0.09% 0.09%
Total Annual Fund Operating Expenses 0.58% 0.43% 0.28%
Waivers and Expense Reimbursements [3][4] (0.15%) (0.10%) (0.10%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.43% 0.33% 0.18%
[1] The Retirement Class of the Fund has adopted a Distribution (12b-1) Plan that compensates the Fund's distributor, Teachers Personal Investors Services, Inc. ("TPIS"), for its expenses in providing distribution, promotional and/or shareholder services to Retirement Class shares at the annual rate of 0.05% of average daily net assets attributable to Retirement Class shares. In addition, TPIS has contractually agreed not to seek payment of this fee under the Plan for Retirement Class shares through September 30, 2013, unless changed with approval of the Board of Trustees.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.35% of average daily net assets for Retirement Class shares; (ii) 0.25% of average daily net assets for Premier Class shares; and (iii) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
[4] In addition to the expense reimbursement arrangements, Advisors has contractually agreed to waive a portion of the Fund's Management Fees equal to, on an annual basis, 0.01%. This waiver will remain in effect through September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifecycle Index 2040 Fund (USD $)
Retirement Class
Premier Class
Institutional Class
1 Year 44 34 18
3 Years 171 128 80
5 Years 309 231 147
10 Years 711 532 346
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal year ended May 31, 2012 the Fund’s portfolio turnover rate was 17% of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). In general, the Fund is designed for investors who have an approximate target retirement year in mind, and the Fund’s investments are adjusted from more aggressive to more conservative over time as the target retirement year approaches and for approximately seven to ten years afterwards. The Fund invests in Underlying Funds according to an asset allocation strategy designed for investors retiring or planning to retire within a few years of 2040. The Fund has a policy of investing at least 80% of its assets (net assets, plus the amount of any borrowings for investment purposes) in Underlying Funds that are managed to seek investment returns that track particular market indices.


The Fund expects to allocate approximately 90.00% of its assets to equity Underlying Funds and 10.00% of its assets to fixed-income Underlying Funds. These allocations represent targets for equity and fixed-income asset classes. Target allocations will change over time and actual allocations may vary up to 10% from the targets. The target allocations along the investment glidepath, illustrated in the chart below, gradually become more conservative, moving to target allocations of approximately 50% equity/50% fixed-income in the Fund’s target retirement year of 2040 and reaching the Fund’s final target allocation of approximately 40% equity/60% fixed-income at some point from 2047 to 2050. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (U.S. equity, international equity, fixed-income, and inflation-protected assets) represented by various Underlying Funds. These market sector allocations may vary by up to 10% from the Fund’s target market sector allocations. The Fund’s current target market sector allocations for June 30, 2013, which will change over time, are approximately as follows: U.S. Equity: 67.50%; International Equity: 22.50%; Fixed-Income: 10.00%; and Inflation-Protected Assets: 0.00%.


The Fund’s target market sector allocations to Underlying Funds may include the TIAA-CREF Equity Index Fund (U.S. Equity); International Equity Index Fund and Emerging Markets Equity Index Fund (International Equity); Bond Index Fund (Fixed-Income); and Inflation-Linked Bond Fund (Inflation-Protected Assets).


Additional or replacement Underlying Funds for each market sector, as well as additional or replacement market sectors, may be included when making future allocations if Advisors believes that such Underlying Funds and/or market sectors are appropriate in light of the Fund’s desired levels of risk and potential return at the particular time. The Fund’s portfolio management team may also add a new market sector if it believes that will help to achieve the Fund’s investment objective. The relative allocations among Underlying Funds within a market sector may be changed at any time without notice to shareholders. If 10% or more of a Fund’s assets are expected to be invested in any Underlying Fund or market sectors not listed above, shareholders will receive prior notice of such change.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector, as of June 30, 2012, are listed in the chart below. These allocations will change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

90.39%

U.S. Equity

67.37%

l Equity Index Fund

67.37%

   

International Equity

23.02%

l International Equity Index Fund

17.04%

       

l Emerging Markets Equity Index Fund

5.98%

FIXED-INCOME

9.61%

Fixed-Income

9.61%

l Bond Index Fund

9.61%


           

Total

100.00%

 

100.00%

 

100.00%


The following chart shows how the investment glidepath for the Fund is expected to gradually move the Fund’s target allocations over time between the different target market sector allocations. The actual market sector allocations of the Fund may differ from this chart. The Fund seeks to achieve its final target market sector allocations approximately seven to ten years following the target date.


TIAA-CREF Lifecycle Index Funds
Years to
Target Date
U.S. Equity
International
Equity
Fixed-Income
Inflation-Protected
Assets
45
67.50
22.50
10.00
-
40
67.50
22.50
10.00
-
35
67.50
22.50
10.00
-
30
67.50
22.50
10.00
-
25
67.50
22.50
10.00
-
20
61.50
20.50
18.00
-
15
55.50
18.50
26.00
-
10
49.50
16.50
32.00
2.00
5
43.50
14.50
38.00
4.00
0
37.50
12.50
44.00
6.00
-5
33.75
11.25
47.00
8.00
-10
30.00
10.00
50.00
10.00
-15
30.00
10.00
50.00
10.00
-20
30.00
10.00
50.00
10.00
-25
30.00
10.00
50.00
10.00
-30
30.00
10.00
50.00
10.00

The Fund is designed to accommodate investors who invest in a fund up to their target retirement date, and plan to make gradual systematic withdrawals in retirement. In addition, investors should note that the Fund will continue to have a significant level of equity exposure up to, through and after its target retirement date, and this exposure could cause significant fluctuations in the value of the Fund depending on the performance of the equity markets generally.


Approximately seven to ten years after the Fund enters its target retirement year, the Board of Trustees may authorize the merger of the Fund into the Lifecycle Index Retirement Income Fund or other similar fund. Fund shareholders will receive prior notice of any such merger. The Lifecycle Index Retirement Income Fund is designed to maintain a relatively stable allocation among the Underlying Funds reflecting the resting point on the glidepath described in the chart above. More detailed information about the Lifecycle Index Retirement Income Fund is contained in the prospectus for that fund.

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund, or the Underlying Funds, typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Index Risk—The risk that the Fund’s performance will not correspond to its benchmark index for any period of time and may underperform such index or the overall stock market. Additionally, to the extent that the Fund’s investments vary from the composition of its benchmark index, the Fund’s performance could potentially vary from the index’s performance to a greater extent than if the Fund merely attempted to replicate the index.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Active Management Risk—The risk that the strategy, investment selection or trading execution of Advisors could cause the Fund or an Underlying Fund to underperform its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

The following chart and table help illustrate some of the risks of investing in the Fund by showing changes in the Fund’s performance from year to year. The bar chart shows the annual total returns of the Retirement Class of the Fund, before taxes, in each full calendar year since inception of the class. Because the expenses vary across share classes, the performance of the Retirement Class will vary from the other share classes. Below the bar chart are the best and worst returns for a calendar quarter since inception of the Retirement Class. The performance table following the bar chart shows the Fund’s average annual total returns for the Retirement, Institutional and Premier Classes over the one-year, five-year, ten-year and since-inception periods (where applicable) ended December 31, 2011, and how those returns compare to those of a broad-based securities market index and a composite index based on the Fund’s target allocations. After-tax performance is shown only for the Retirement Class shares, and after-tax returns for the other Classes of shares will vary from the after-tax returns presented for Retirement Class shares.


The returns shown below reflect previous agreements by Advisors to waive or reimburse the Fund and certain Underlying Funds for certain fees and expenses. Without these waivers and reimbursements, the returns of the Fund would have been lower. Past performance of the Fund (before and after taxes) is not necessarily an indication of how it will perform in the future. The indices listed below are unmanaged, and you cannot invest directly in an index. The returns for the indices reflect no deduction for fees, expenses or taxes.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

ANNUAL TOTAL RETURNS FOR THE RETIREMENT CLASS SHARES (%)† Lifecycle Index 2040 Fund
Bar Chart

&dagger; The year-to-date return as of the most recent calendar quarter, which ended on June 30, 2012, was 7.40%.

Best quarter: 11.87%, for the quarter ended September 30, 2010. Worst quarter: -14.82%, for the quarter ended September 30, 2011.

AVERAGE ANNUAL TOTAL RETURNS For the Periods Ended December 31, 2011
Average Annual Returns TIAA-CREF Lifecycle Index 2040 Fund
One Year
Since Inception
Inception Date
Retirement Class
(1.70%) 6.96% Sep. 30, 2009
Retirement Class After Taxes on Distributions
(1.98%) 6.68%  
Retirement Class After Taxes on Distributions and Sale of Fund Shares
(0.79%) 5.92%  
Institutional Class
(1.42%) 7.24% Sep. 30, 2009
Premier Class
(1.60%) 7.04% Sep. 30, 2009
Russell 3000® Index (reflects no deductions for fees, expenses or taxes)
1.03% 10.45% [1]  
Lifecycle Index 2040 Fund Composite Index (reflects no deductions for fees, expenses or taxes)
[2] (1.39%) 7.44% [1]  
[1] Performance is calculated from the inception date of the Retirement Class.
[2] As of the close of business on December 31, 2011, the Lifecycle Index 2040 Fund Composite Index consisted of: 67.5% Russell 3000 Index; 22.5% MSCI EAFE + Emerging Markets Index; and 10.0% Barclays U.S. Aggregate Bond Index. The Fund's composite benchmark, the components that make up a composite benchmark and the method of calculating a composite benchmark's performance may vary over time.
                 
 

Current performance of the Fund’s shares may be higher or lower than that shown above.


                 

After-tax returns are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown and do not reflect the impact of state and local taxes. Actual after-tax returns depend on the investor’s tax situation and may differ from those shown. The after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements such as 401(a), 401(k) or 403(b) plans or Individual Retirement Accounts (IRAs). After-tax returns are shown for only one class, and after-tax returns for other classes will vary.

 

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TIAA-CREF Lifestyle Conservative Fund
TIAA-CREF Lifestyle Conservative Fund
INVESTMENT OBJECTIVE

The Fund seeks long-term total return, consisting of current income and capital appreciation.

FEES AND EXPENSES

This table describes the fees and expenses that you may pay if you buy and hold shares of the Fund:

SHAREHOLDER FEES (deducted directly from gross amount of transaction)
Shareholder Fees TIAA-CREF Lifestyle Conservative Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
Maximum Sales Charge Imposed on Purchases (percentage of offering price) none none none none
Maximum Deferred Sales Charge none none none none
Maximum Sales Charge Imposed on Reinvested Dividends and Other Distributions none none none none
Redemption or Exchange Fee none none none none
Account Maintenance Fee (annual fee on accounts under $2,000) 15.00 none none none
ANNUAL FUND OPERATING EXPENSES (expenses that you pay each year as a percentage of the value of your investment)
Operating Expenses TIAA-CREF Lifestyle Conservative Fund
Retail Class
Retirement Class
Premier Class
Institutional Class
Management Fees 0.10% 0.10% 0.10% 0.10%
Distribution (Rule 12b-1) Fees 0.25%   0.15%  
Other Expenses [1] 0.68% 0.79% 0.55% 0.55%
Acquired Fund Fees and Expenses [2] 0.40% 0.40% 0.40% 0.40%
Total Annual Fund Operating Expenses 1.43% 1.29% 1.20% 1.05%
Waivers and Expense Reimbursements [3] (0.54%) (0.54%) (0.55%) (0.55%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.89% 0.75% 0.65% 0.50%
[1] Other Expenses are estimates for the current fiscal year.
[2] "Acquired Fund Fees and Expenses" are the Fund's proportionate amount of the expenses of any investment companies or pools in which it invests. These expenses are not paid directly by Fund shareholders. Instead, Fund shareholders bear these expenses indirectly because they reduce Fund performance. Because "Acquired Fund Fees and Expenses" are included in the chart above, the Fund's operating expenses here will not correlate with the expenses included in the Financial Highlights in this Prospectus and the Fund's annual report.
[3] Under the Fund's expense reimbursement arrangements, the Fund's investment adviser, Teachers Advisors, Inc. ("Advisors"), has contractually agreed to reimburse the Fund for any Total Annual Fund Operating Expenses (excluding interest, taxes, brokerage commissions or other transactional expenses, Acquired Fund Fees and Expenses and extraordinary expenses) that exceed: (i) 0.49% of average daily net assets for Retail Class shares; (ii) 0.35% of average daily net assets for Retirement Class shares; (iii) 0.25% of average daily net assets for Premier Class shares; and (iv) 0.10% of average daily net assets for Institutional Class shares of the Fund. These expense reimbursement arrangements will continue through at least September 30, 2013, unless changed with approval of the Board of Trustees.
Example

This example is intended to help you compare the cost of investing in shares of the Fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses, before expense reimbursements, remain the same. The example assumes that the Fund’s fee waiver and/or expense reimbursement agreement will remain in place through September 30, 2013 but that there will be no waiver or expense reimbursement agreement in effect thereafter. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

Expense Example TIAA-CREF Lifestyle Conservative Fund (USD $)
Retail Class
Retirement Class
Premier Class
Institutional Class
1 Year 91 77 66 51
3 Years 399 356 326 279
PORTFOLIO TURNOVER

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the fiscal period ended May 31, 2012, the Fund’s portfolio turnover rate was 17% (not annualized) of the average value of its portfolio.

PRINCIPAL INVESTMENT STRATEGIES

The Fund is a “fund of funds” that invests in Institutional Class shares of other funds of the Trust and potentially in other investment pools or investment products (collectively, the “Underlying Funds”). The Fund is designed for investors seeking long-term total return, consisting of current income and capital appreciation, through a relatively stable asset allocation strategy targeting a conservative risk-return profile. The Fund generally seeks to meet its investment objective by investing: (1) approximately 40% of its assets in equity Underlying Funds and (2) approximately 60% of its assets in fixed-income Underlying Funds. The Fund may deviate from these target allocations by up to 10% depending upon current market conditions and outlook.


The Underlying Fund allocation targets generally represent targets for investments in equity and fixed-income asset classes. Within the equity and fixed-income asset classes, the Fund allocates its investments to particular market sectors (which may include U.S. equity, international equity, fixed-income and short-term fixed-income) represented by various Underlying Funds. To maintain an appropriate allocation among the Underlying Funds, the portfolio managers monitor the foreign and domestic equity markets, as well as overall financial and economic conditions. The Fund might sometimes be more heavily weighted toward equities or fixed-income than otherwise targeted, if the portfolio managers believe market conditions warrant. For example, the Fund might increase its holdings in fixed-income Underlying Funds in periods when the portfolio managers believe the equity markets will decline. The market sector allocations and Underlying Fund allocations may also be changed over time by the portfolio managers, including the addition and removal of market sectors and Underlying Funds in which the Fund invests in light of the Fund’s desired level of risk and potential return at a particular time as evaluated by the portfolio managers based on a mix of qualitative and quantitative factors. The portfolio managers may also opportunistically purchase other Funds of the Trust or other investment pools or investment products, based on the portfolio managers’ evaluation of the market sectors and/or Underlying Funds without prior notice to shareholders.


As a result of its investments in the Underlying Funds, the Fund’s returns will reflect investments in a mix of domestic and foreign equities of companies of various sizes and a variety of domestic and foreign fixed-income instruments of private and governmental issuers of varying maturities and credit qualities.


As part of the Fund’s ability to invest in unaffiliated investment products or pools noted above, the Fund may invest in exchange-traded funds (“ETFs”) and exchange-traded notes (“ETNs”) to gain exposure to various market sectors or securities in order to effect its asset allocation strategy. Additionally, the Fund may use ETFs and ETNs for cash management, hedging or defensive purposes. ETFs and ETNs will be subject to the risks associated with the types of securities or sectors that they track, while ETNs, which are structured as fixed-income obligations, will also be subject to the general risks of fixed-income securities, including credit risk.


The Fund’s asset class allocations, market sector allocations within each asset class, and Underlying Fund allocations within each market sector as of June 30, 2012, are listed in the chart below. These allocations may change over time.


           

Asset Class

Allocation

Market Sector

Allocation

Underlying Funds

Allocation

EQUITY

40.73%

U.S. Equity

28.40%

· Large-Cap Value Fund

7.06%

       

· Large-Cap Growth Fund

6.93%

       

· Growth & Income Fund

5.93%

       

· Enhanced Large-Cap Value Index Fund

2.65%

       

· Enhanced Large-Cap Growth Index Fund

2.60%

       

· Small-Cap Equity Fund

2.17%

       

· Mid-Cap Value Fund

0.55%

       

· Mid-Cap Growth Fund

0.51%

   

International Equity

12.33%

· International Equity Fund

5.65%

       

· Enhanced International Equity Index Fund

3.74%

       

· Emerging Markets Equity Fund

2.94%

FIXED-INCOME

59.27%

Fixed-Income

39.50%

· Bond Plus Fund

29.63%

       

· Bond Fund

9.87%

   

Short-Term
Fixed-Income

19.77%

· Short-Term Bond Fund

19.77%


           

Total

100.00%

 

100.00%

 

100.00%

PRINCIPAL INVESTMENT RISKS

You could lose money over short or long periods by investing in this Fund. Accordingly, an investment in the Fund typically is subject to the following principal investment risks:


· Asset Allocation Risk—The risk that the Fund may not achieve its target allocations. In addition, there is the risk that the asset allocations may not achieve the desired risk-return characteristic or that the selection of Underlying Funds and the allocations among them will result in the Fund underperforming other similar funds or cause an investor to lose money.


· Underlying Funds Risk—The Fund is exposed to the risks of the Underlying Funds in which it invests in direct proportion to the amount of assets the Fund allocates to each Underlying Fund.


· Fixed-Income Underlying Funds Risks—The risks of investing in fixed-income Underlying Funds include credit risk, interest rate risk, and market volatility, liquidity and valuation risk, among others.


· Equity Underlying Funds Risks—The risks of investing in equity Underlying Funds include risks specific to their investment strategies, such as style risk, capitalization risk, and foreign investment risk, among others, as well as risks related to the equity markets in general.


· Active Management Risk—The risk that Advisors’ strategy, investment selection or trading execution may cause the Fund to underperform relative to its benchmark index or mutual funds with similar investment objectives.


· Fund of Funds Risk—The ability of the Fund to achieve its investment objective will depend in part upon the ability of the Underlying Funds to achieve their investment objectives. There can be no guarantee that any Underlying Fund will achieve its investment objective.

There can be no assurances that the Fund will achieve its investment objective. You should not consider the Fund to be a complete investment program. Please see the non-summary portion of the prospectus for more detailed information about the risks described above, including the risks of the Underlying Funds.

PAST PERFORMANCE

Performance information is not available for the Fund because the Fund has less than one calendar year of performance.


For current performance information of each share class, including performance to the most recent month-end, please visit www.tiaa-cref.org.

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