The modified asphalt provided by the disclosure is prepared from the following raw materials in parts by weight: 100 to 120 parts of asphalt, 6 to 20 parts of a modifier, 3 to 9 parts of a compatibilizer, 0.15 to 0.25 parts of sulfur, 0.4 to 0.6 parts of a non-amine anti-stripping agent and 0.2 to 0.4 parts of a coupling agent; and the modifier comprises a styrene-butadiene-styrene block copolymer, a rubber, and a polyurethane. The modified asphalt provided by the disclosure can simultaneously satisfy an elastic recovery at 25° C. of ≥98%, a dynamic viscosity at 60° C. of ≥500,000 Pa·s, a composite shear modulus at 60° C. of ≥10 Pa, and a critical temperature at G*/Sin≥2.2 kPa of ≥94° C.