The invention discloses a high-strength and high-toughness titanium alloy with good additive manufacturing forming performance and used at the high temperature of 600 DEG C, and belongs to the technical field of metal additive manufacturing. The titanium alloy comprises the following components in percentage by mass: 6.2-7.5% of Al, 1.2-4.5% of V, 1.2-4.5% of Mo, 0.5-2.0% of Nb, 3.2-9.6% of Zr, less than or equal to 0.02% of Mn, less than or equal to 0.02% of C, less than or equal to 0.01% of Ni, less than or equal to 0.20% of Si, less than or equal to 0.20% of Sn, less than or equal to 0.04% of Cr, less than or equal to 0.02% of O, less than or equal to 0.01% of P, less than or equal to 0.01% of S, less than or equal to 0.006% of N and the balance of Ti, and the mass percentage ratio of Al to (V + Mo + Nb + Zr) is 5:(4.2-13). Through alloy component design, alpha phase refining, strength improving, beta phase content optimizing, plasticity improving and melt thermal stability enhancing are achieved, the toughness of the alloy at the high temperature of 600 DEG C is improved to the maximum degree, and the alloy can be used for additive manufacturing forming.