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Vehicle hydraulic retarders are applied in heavy-duty trucks and buses as an auxiliary braking device. In traditional cooling systems of hydraulic retarders, the working fluid is introduced into the heat exchanger to transfer heat to the cooling liquid in circulation, whose heat is then dissipated by the engine cooling system. This prevents the waste heat of the working fluid from being used effectively. In hydraulic retarder cooling system based on the Organic Rankine Cycle, the organic working fluid first transfers heat with the hydraulic retarder working fluid in Rankine cycle, and then outputs power through expansion machine. It can both reduce heat load of the engine cooling system, and enhance thermal stability of the hydraulic retarder while recovering and utilizing braking energy. First of all, according to the target vehicle model, hydraulic retarder cooling system model based on Rankine cycle is established.