A drill bit assembly is disclosed and can include a drill bit and a drill stop sleeve disposed around the drill bit. The drill stop sleeve can include a locking collar that can be movable between an unlocked position and a locked position. In the unlocked position, the drill stop sleeve can be movable along the drill bit to one of a plurality of drill stop depths. In the locked position, the drill stop sleeve can be locked along the drill bit in one of the plurality of drill stop depths.