A projection optical system that enlarges and projects an image displayed on an image display includes: a first optical system; and a second optical system. The projection optical system is a monofocal lens or a zoom lens. The first optical system and the second optical system are arranged, in order starting with the first optical system, from an enlargement side of the projection optical system. The second optical system forms an intermediate image of the image between the first optical system and the second optical system. The first optical system enlarges and projects the intermediate image. The first optical system includes: a first-A optical system and a first-B optical system in order from the enlargement side; and a reflecting optical element that bends a light path between the first-A optical system and the first-B optical system.