The invention discloses a retractable type sofa bed with a retractable bed stool. The retractable type sofa bed comprises a first bed body, a second bed body and a third retractable bed body, whereinthe first bed body comprises a storage cabinet and a first soft bag; the second bed body comprises a second soft bag; the third retractable bed body can be folded into a second bed belly cavity to behidden; the second bed body comprises a bed plate with four supporting legs and the second soft bag fixed on a bed plate; universal wheel are mounted at the bottoms of the four supporting legs and thethird bed body can be stored in a bed bottom belly cavity; the third bed body comprises a bed plate edge frame strip, two supporting legs fixed on the bed plate and a second soft bag; a pair of sliding rails are mounted at two sides of the bed body and are connected with the inner side of the second bed belly cavity; the bed plate of the third bed body is slightly lower than the second bed body and is easy to hide and overlap; the second bed body and the third bed body are fixed with the first bed body through connecting inserting parts; the retractable type sofa bed has the effects that oneset of furniture has a plurality of purposes, realizes space conversion of a bedroom and a living room, is used for studying, receiving a visitor and the like.