Bearing fit is closely related to the dynamic characteristics of the spindle system. When the spindle rotates at high speed, affected by centrifugal force, load and other factors, the bearing fit will change. In this paper, the finite element method is adopted. A dynamic model of motorized spindle is established to analyze the relationship between bearing clearance and bearing stiffness. Bearing stiffness directly affects the dynamic characteristics of the spindle rotor system. The machining accuracy of spindle system decreases with the increase of clearance amount. The establishment of dynamic model of motorized spindle provides theoretical guidance for structure design of motorized spindle.