The invention discloses an anti-aging flame-retardant PVC material and a preparation method and application of the anti-aging flame-retardant PVC material in a wire or a cable. The anti-aging flame-retardant PVC material comprises the following raw materials: PVC, a calcium-zinc stabilizer 5-10, octyl phthalate, calcium carbonate, zinc stearate, an antioxidant, acidic lignin, zinc stannate, dimer acid diisocyanate and ALLCHEM360. According to the preparation method of the wire or the cable, the preparation comprises the following steps: preparing by using the materials, mixing the acidic lignin, the zinc stearate, the zinc stannate, the dimer acid diisocyanate and the ALLCHEM360 for 10-30 minutes, and then carrying out ball milling on the mixture for 2-8 hours to obtain a ball-milled mixture; and mixing the ball-milled mixture with other raw materials to obtain a precursor, and carrying out melt blending extrusion and granulation on the precursor to obtain the material. According to the application of the wire or the cable, the material is used for preparing the wire or the cable. The prepared green, environment-friendly, anti-aging and flame-retardant PVC wire and cable material is high in tensile strength, strong in anti-aging capability, good in flame retardance, simple in preparation process, low-carbon, environment-friendly and easy to industrialize.