Gather all your ingredients on the counter.

In a mixing bowl, combine the softened cream cheese and unsalted butter. Beat them together until smooth and creamy.

Gradually add the powdered sugar while mixing on low speed.

Add the vanilla extract to the mixture.

If the frosting is too thick, add milk one tablespoon at a time.

Taste your frosting and adjust sweetness if needed by adding more powdered sugar.

Spread the frosting generously over your favorite cinnamon rolls or baked goods.

Store any leftover frosting in an airtight container in the refrigerator.