The invention relates to a europium and samarium-doped lithium magnesium phosphate photostimulated luminescent material and a preparation method thereof. The chemical formula of the material is LiMgPO4: Eu, Sm, B, and the specific preparation method comprises the following steps of: mixing and grinding raw materials, namely lithium hydroxide, magnesium nitrate, ammonium dihydrogen phosphate, boric oxide, europium oxide and samarium oxide, loading into a porcelain crucible made of an aluminum oxide material, placing into a high-temperature sintering furnace for performing sectional constant-temperature sintering, and further cooling the aluminum oxide crucible to room temperature to obtain the europium and samarium-doped lithium magnesium phosphate LiMgPO4: Eu, Sm, B photostimulated luminescent material. The material is of an olivine type structure, the space group is Pnma, the lattice constants are as follows: a=10.147., b=5.909. and c=4.692., and the doping of europium and samarium does not change the basic structure of the LiMgPO4 material; and the thermoluminescence performance of the material is greatly upgraded, the sensitivity and the stability in storage of radiation dose information are effectively improved, the addition of the samarium oxide upgrades the luminescence performance of rare earth europium ions, and the material has low environmental pollution and low cost and can be applied to environments, medicines and offline and real-time online measurement of human body radiation doses.