The invention discloses an energy-adjustable infrared target simulation system, which belongs to the field of optical techniques, and relates to a broadband and energy-adjustable-continuously infrared target simulation system. The infrared target simulation system comprises a black body 1, an energy diaphragm 2, a lighting lens 3, an infrared dodging system 4, an infrared target 5 and a projection lens 6, wherein the infrared radiation emitted by the black body 1, after passing through the energy diaphragm 2 and being collimated by the lighting lens 3, enters the infrared dodging system 4; then, after being dodged by the infrared dodging system 4, the infrared radiation enters the infrared target 5 and finally is collimated and outputted by the projection lens 6. The emergent face of the black body 1 is arranged on the focal plane of the lighting collimating lens 3; and the infrared target 5 is arranged on the focal plane of the projection lens 6, and the emergent energy of the target is controlled by the energy diaphragm 2, when the diaphragm largens, the system energy increases, and when the diaphragm is reduced, the system energy decreases. According to the invention, the energy adjustment on an infrared target simulator is performed by using a diaphragm structure, so that the continuous change of infrared broadband energy can be realized, therefore, the system can carry out simulation test on the infrared systems under different energy requirements.