The invention discloses a braking simulation test device and method for a km deep mine hoist disc brake. The device comprises a flywheel system, a braking system and a sensing monitoring system. The flywheel system comprises a frequency converter (1), a motor (2), a jaw clutch (3), a gear coupling (6), a rotation shaft (8) and a flywheel assembly. The braking system comprises a braking disc (19),a braking shoe (18), a shoe clamp (13), a shoe clamp connection plate (20), a connection component (16), a sliding block guide rail (11), a hydraulic cylinder (21) and a hydraulic cylinder holder (17). The sensing monitoring system comprises a rotation speed sensor (5), a vibration sensor (10), an infrared temperature sensor (12), a three-dimensional force sensor (14) and a positive pressure sensor (16). According to the device and the method, braking performance of emergency braking of the mine hoist disc brake can be tested, and practical braking condition of the mine hoist disc brake can betruly simulated.