The invention discloses a reliability test table for a hoist brake for simulating an actual working condition and a test method thereof. The device comprises a frequency converter, a servo motor, an equivalent mass part, a brake disc structure, a brake arm, a photoelectric rotating speed sensor, a temperature sensor and a hydraulic pump station, wherein the frequency converter is arranged on the leftmost side of the test table, the servo motor is arranged on a right side of the frequency converter, and the frequency converter is connected with the servo motor through a wire; a servo motor shaft is connected with a main shaft through an elastic pin coupling; the equivalent mass part is connected and installed on the main shaft through a flat key; the brake disc structure is arranged at therightmost end of the main shaft, and the brake arm, the photoelectric rotating speed sensor and the temperature sensor are aligned to the brake disc; and the hydraulic pump station is arranged at therightmost side of the test bed and is connected with the servo hydraulic cylinder on the brake arm through a hydraulic hose.