Silty sand is a kind of typical marine sediment that is widely distributed in the offshore areas of East China. It has been found that under continuous actions of wave pressure, a mass of fine particles will gradually rise up to the surface of silty sand seabeds, i.e., the phenomenon called wave-induced soil erosion. This is thought to be due to the seepage flow caused by the pore-pressure accumulation within the seabed. In this paper, a kind of three-phase soil model (soil skeleton, pore fluid, and fluidized soil particles) is established to simulate the process of wave-induced soil erosion. In the simulations, the analytical solution for wave-induced pore-pressure accumulation was used, and Darcy flow law, mass conservation, and generation equations were coupled. Then, the time characteristics of wave-induced soil erosion in the seabed were studied, especially for the effects of wave height, wave period, and critical concentration of fluidized particles. It can be concluded that the most significant soil erosion under wave actions appears at the shallow seabed. With the increases of wave height and critical concentration of fluidized particles, the soil erosion rate and erosion degree increase obviously, and there exists a particular wave period that will lead to the most severe and the fastest rate of soil erosion in the seabed.