The constant current accelerated corrosion test was used to study the durability of magnesium oxychloride-coated reinforced concrete (MOCRC) in order to solve the problem of MOCRC's durability. The relative dynamic elastic modulus was utilized as the failure threshold to evaluate the concrete durability, and the collected life data of concrete under different cover thickness were acquired. On the basis of the Gumbel distribution, the probability analysis can be used to study and foretell the life data. The results show that when the durability is evaluated by the relative mass and the relative dynamic modulus of elasticity, the durability of MOCRC with a larger protection layer thickness is better; the relative dynamic modulus of elasticity can better reflect the durability change in MOCRC than the relative mass. When the Gumbel distribution is used for durability analysis, the calculated value of the model and the life data have a relatively high degree of fit, which can provide a reference basis for the durability evaluation of concrete.