Recently there has been increase in need for high precision and high speed machining due to economic and environmental reasons. It is a very important issue that determines the optimal preload that is to be applied to bearings in order to satisfy the performance required in bearings according to its operation conditions. This study introduces a variable preload device that can automatically adjust the preload applied in a machine tool spindle using centrifugal force as opposed in existing rubber instrument. In this study, the deformation of the rubber device by the centrifugal force is analyzed and it is discussed that the proposed device can be worked properly through changes of the collar density.