The invention relates to creep-resistant polyester high-strength low-shrinkage industrial yarn and preparation method thereof. The method comprises the preparation of creep-resistant polyester high-viscosity slice and the preparation of the creep-resistant polyester high-strength low-shrinkage industrial yarn. According to the invention, polyester is subjected to tackifying through solid-phase polycondensation; the polyester is subjected to a blending reaction with a fluorine-containing epoxy compound, such that the creep-resistant polyester high-viscosity slice is obtained; the creep-resistant polyester high-viscosity slice is subjected to measuring, extruding, cooling, oiling, stretching, heat setting, and winding, such that the creep-resistant polyester high-strength low-shrinkage industrial yarn is prepared. The creep-resistant polyester high-strength low-shrinkage industrial yarn has certain creep resistance, hydrolysis resistance, and performance stability. The yarn can be applied in high-temperature high-humidity environments for a long time. The yarn has great application prospect in the fields such as plastic packaging, waterproof fabrics, ropes, cables, marine fiber, and the like.