The invention relates to a one-step in situ synthesis method for preparing transparent organic flaming retarding composite material. Methyl methacrylate is taken as raw material, Na-montmorillonite and magnesium hydroxide are taken as fire retardant, firstly the Na-montmorillonite is purified, magnesium hydroxide microemulsion is prefabricated, methyl methacrylate monomer is added into a four-opening flask, and initiating agent azodiisobutyronitrile absolute alcohol solution is dripped in under the conditions of protection of nitrogen, water circulation condensation, continuous heating at constant temperature and uniform stirring, thus methyl methacrylate + magnesium hydroxide + Na-montmorillonite three phase composite material, namely the organic flaming retarding nano composite material, is synthesized by one step. The material is in white unconsolidated composite particle power, the average particle size of magnesium hydroxide in base after film forming is 60nm, the Na-montmorillonite is stripped, luminousness of product is 85%, absorption rate of ultraviolet light is 40%, limited oxygen index is improved from 19% to 26%, and hardness can be improved by 10%. The method uses less devices, process flow is short, no environmental pollution is produced, and yield is high.