The invention discloses a heat-resistant and flame-retardant modified acrylic emulsion paint. The paint comprises the following raw materials: acrylic emulsion, copolymer emulsion of vinyl acetate and ethylene, brominated epoxy resin, boron phenolic resin, zinc borate, nanometer magnesium hydroxide, hexamethylene tetramine, organic modified montmorillonite, sepiolite, nanometer silicon nitride, nanometer silicon carbide, aluminum tripolyphosphate, nanometer zinc oxide, nanometer aluminum oxide, ethanol, 2-ethyl-4-methylimidazole, polyvinylpyrrolidone, dodecyl mercaptan, 1,2-benzisothiazole-3-ketone, sodium carboxymethylcellulose, a defoaming agent and water. The heat-resistant and flame-retardant modified acrylic emulsion paint has the advantages of good heat resistance and water resistance, excellent weather resistance, good flame retardant effect, strong adhesive force with a substrate, and long service life.