A portable electronic device with projection function including a host, a projection module, a signal line, a first adjusting leg and a second adjusting leg is provided. The host has a chamber at its side. The projection module is for outputting an image light beam. The projection module is connected to the host through the signal line. The first adjusting leg is pivoted to the projection module. The second adjusting leg is pivoted to the projection module, wherein the first adjusting leg and the second adjusting leg can be stored into the chamber with the projection module after pivoting.