The invention discloses peelable water-based paint. The peelable water-based paint comprises the following components: cellulose acetate resin, petroleum resin, polyether sulfone resin, polyamide resin, elastic polyurethane emulsion, composite zinc phosphate, water-based silicone acrylic emulsion, wollastonite powder, talcum powder, phthalocyanine blue, titanium dioxide, carbon black, ethylene glycol butyl ether, m-nitrophenol, sodium hexametaphosphate, p-chlorophenol, aromatic hydrocarbon sulfonic acid, an ultraviolet absorber, BYK-300 and deionized water. The peelable water-based paint has the beneficial effects of being high in mechanical strength, good in weather resistance, good in adhesion, good in glossiness, good in acid resistance and peelable.