The invention discloses a rare earth permanent magnetic powder which takes Sm, Fe, M, N and Si as main components, and takes a TbCU7 structure as a main phase, the M is at least one of the Be, Cr, Al, Ti, Ga, Nb, Zr, Ta, Mo and V. The Si element is added in the rare earth permanent magnetic powder to add the glass forming ability of a samarium-ferro alloy, and the M element with a certain amount is compounded and added to increase the wetting property of an alloy solution; and therefore, the alloy solution is more convenient to be ejected from a smelting device. The samarium element content in the rare earth permanent magnetic powder is in a 1-12 at% range, the content of the M is in a 0.1-1.5 at% range, the content of N is in a 10-15 at% range, the content of Si is in a 0.1-1.5 at% range, and the rest is ferrum. An average grain size of the rare earth permanent magnetic powder is 10-100 microns; and the rare earth permanent magnetic powder is composed of a nano-crystal with an average size of 10-120 nm and amorphous structure.