The invention provides a method for separating iron, vanadium and titanium in vanadic titanomagnetite. According to the method, most of vanadium is left in slag by controlling a direct reduction temperature, iron enters a magnetically-separated substance, a by-product sodium sulphate obtained through fractional crystallization carried out through sodium-modification vanadium extraction wastewater, is added in vanadium-titanium slag after magnetic separation, and vanadium is extracted in a water-leaching manner after oxidation roasting, so as to obtain vanadium-containing solution and titanium-rich slag. According to the method, on one hand, the recovery rate of vanadium is increased, on the other hand, due to a small amount of the vanadium-titanium slag, lots of sodium salt has no need to be added, and moreover, the small amount of the added sodium salt is treated by virtue of the sodium-modification vanadium extraction wastewater to obtain the by-product, thus cost is saved, secondary resource recycling is realized, and economic benefits are improved; and in addition, the magnetically-separated substance obtained in a manner of carrying out magnetic separation at first, and then adding sodium salt in vanadium-titanium slag and carrying out oxidation roasting, is relative pure compared with the magnetically-separated substance obtained in a manner of adding sodium salt and carrying out oxidation roasting at first, and then carrying out magnetic separation, a sulphur content of the magnetically-separated substance is low, and the quality is guaranteed.