The invention discloses a polylactic acid/cellulose bio-based degradable composite material and a preparation method thereof. The polylactic acid/cellulose bio-based degradable composite material is prepared from the following raw materials in parts by weight: 40-85 parts of polylactic acid, 5-25 parts of a dextral polylactic acid-type polyurethane elastomer, 2-10 parts of maleic anhydride graftedpolylactic acid and 10-50 parts of cellulose, wherein the number average molecular weight of the polylactic acid is 100000-300000. The polylactic acid/cellulose bio-based degradable composite material is safe, non-toxic, biodegradable and excellent in mechanical properties. The preparation method comprises the following steps: uniformly mixing components, then adding into a twin-screw extruder, performing melt blending, drawing into strips, pelletizing, and drying to obtain the composite material. The preparation method is simple, easy to control, strong in operability and easy to implement,the production cost is low, and the industrial mass production is easy; the prepared composite material can be applied to the field of interior trim parts, films, fibers or other specially shaped materials and the like.