Currently, traditional processing methods such as drilling, sawing, and milling are primarily utilized in orthopedic surgery, generating a significant amount of heat during the cutting process, leading to irreversible damage to bone and surrounding tissues. High-pressure water jet technology has demonstrated the capability to effectively reduce cutting temperatures and prevent thermal damage during the cutting process. It holds promising potential as an alternative approach to traditional surgical techniques in orthopedic surgery. This study selected the SPH-FEM (Smoothed particle hydrodynamics-Finite element method) coupling algorithm and LS-DYNA software to simulate the effects of high-pressure water jet erosion on cortical bone. The study analyzed the impact of jet pressure on damage morphology and the degree of cortical bone breakage. The simulation results indicate that the concave section of cortical bone damaged by high-pressure water jet is “U” shape. The maximum damage depth of cortical bone increases with the increase in jet pressure. Specifically, as jet pressure increases from 80 MPa to 245 MPa, the increase rate of the average cortical bone damage depth increased from about 0.01 mm/s to more than 0.45 mm/s. The beginning of the concave section of cortical bone damage presents a “funnel” shape, and the width of cortical bone damage reaches its maximum. When the jet pressure is below 180 MPa, there is a significant fluctuation in the width of cortical bone damage. However, with increasing jet pressure, the fluctuation lessens. Physical experiments were carried out under identical technological parameters to verify the numerical results. The experimental results are basically consistent with the numerical results, which can provide a theoretical basis for improving the surface quality of jet erosion of cortical bone.