The present invention provides an R-T-B based sintered magnet that inhibits the demagnetization rate at high temperature even when less or no heavy rare earth elements such as Dy, Tb and the like are used. The R-T-B based sintered magnet comprises R2T14B crystal grains and two-grain boundary parts between the R2T14B crystal grains. Two-grain boundary parts formed by a phase containing R, Cu, Co, Ga and Fe with a ratio of 40≤R≤70, 1≤Co≤10, 5≤Cu≤50, 1≤Ga≤15, and 1≤Fe≤40 (wherein, R+Cu+Co+Ga+Fe=100, and R is at least one selected from rare earth elements) exists in the magnet.