The invention discloses a polyether-ether-ketone modified polytetrafluoroethylene composite material, a bearing retainer and a making method of the bearing retainer. The composite material comprises, by mass, 18-25% of polyether ether ketone, 5-8% of tungsten disulfide, and the balance of polytetrafluoroethylene. The composite material comprises polytetrafluoroethylene, polyether-ether-ketone and tungsten disulfide. Polyether-ether-ketone has good temperature resistance, hydrolysis resistance, compression strength and corrosion resistance, has a low friction coefficient and has wear fastness, tungsten disulfide has high compression strength and high oxidation resistance, and very low friction coefficient, and polyether-ether-ketone and tungsten disulfide are used to modify polytetrafluoroethylene as fillers, so the obtained composite material reserves the lubrication performance of polytetrafluoroethylene, improves the dimension stability, the compression strength and the wear resistance of polytetrafluoroethylene, and has a greatly higher thermal deformation temperature than a pure polytetrafluoroethylene material, thereby requirements of the material of the retainer by long life bearings are met.