The invention discloses a cosmetic composition for whitening. The composition is prepared from the following components: chamomile extract, saussurea involucrate extract, beet root extract, gynostemma pentaphylla extract, glutamic acid, yeast extract, salicylic acid, ascorbyl glucoside, resveratrol, glucosamine, L-asparaginic acid, vitamin E, pitaya enzyme, lecithin, caprylocaproyl macrogolglycerides, 1,2-propylene glycol, isopropyl myristate and deionized water. The cosmetic composition for whitening disclosed by the invention is high in using safety, stability and attractive appearance, has slight skin irritation, does not have any oily feel and can rapidly penetrate into the skin to achieve a whitening effect. The invention also discloses a method for preparing the cosmetic composition for whitening. The method is simple in process steps and low in preparation cost and does not have any special equipment requirement, and the prepared product is high in stability and attractive in appearance.