The invention discloses high-strength wear-resistant flame-retardant water-based paint. The paint is prepared from, by weight, 100 parts of hydroxy acrylic acid emulsion, 75 parts of epoxy modified resin, 50 parts of water-based polyurethane emulsion, 40 parts of silicon-acrylic emulsion, 10 parts of styrene-acrylic emulsion, 5 parts of titanium dioxide, 3.5 parts of quartz powder, 3.5 parts of polypropylene fibers, 5.5 parts of cellulose acetate butyrate, 3 parts of silica powder, 4.5 parts of zinc oxide, 3.5 parts of carbon nano-tubes, 3.5 parts of graphite, 5 parts of coarse whiting, 5 parts of talcum powder, 3.5 parts of wetting agents, 6 parts of thickener, 2.5 parts of dispersant, 3.5 parts of flame retardant, 2 parts of antifoaming agents, 3 parts of diethylene glycol monomethyl ether, 4 parts of dipropylene glycol monomethyl ether, 5 parts of propylene glycol phenyl ether and 20 parts of water. The invention further provides a preparation method of the high-strength wear-resistant flame-retardant water-based paint. The water-based paint is high in strength, good in wear resistance and great in flame retardancy.