A variable depth drill guide assembly and a method of controlling a depth of a drill insertion into a bone using the variable depth drill guide assembly, wherein the assembly comprises a shaft; an outer sleeve connected to the shaft, wherein the outer sleeve comprises slots; a tip connected to the outer sleeve; an inner sleeve slidably mounted in the outer sleeve; and a spring engaging the inner sleeve and the outer sleeve. Moreover, the inner sleeve is preferably adapted to control a depth of a drill insertion into a bone. Additionally, the inner sleeve preferably comprises a stop adapted to engage the slots of the outer sleeve. Furthermore, the spring may be adapted to provide spring loading for the inner sleeve.