The invention provides a translation model-based translation method and device and a storage medium, and the method comprises the steps: obtaining a to-be-translated text, inputting the to-be-translated text into a translation model to obtain a translated text, wherein the translation model is trained based on historical translation texts and teacher-student framework. In the technical scheme, thetranslation model trained based on the historical translation text and the teacher-student-student framework is used to translate the translated text, the response speed is improved during translation and the user experience is improved.