In this study, the first-order shear deformation theory (FSDT) is used to establish a nonlinear dynamic model for a conical shell truncated by a functionally graded graphene platelet-reinforced composite (FG-GPLRC). The vibration analyses of the FG-GPLRC truncated conical shell are presented. Considering the graphene platelets (GPLs) of the FG-GPLRC truncated conical shell with three different distribution patterns, the modified Halpin-Tsai model is used to calculate the effective Young’s modulus. Hamilton’s principle, the FSDT, and the von-Karman type nonlinear geometric relationships are used to derive a system of partial differential governing equations of the FG-GPLRC truncated conical shell. The Galerkin method is used to obtain the ordinary differential equations of the truncated conical shell. Then, the analytical nonlinear frequencies of the FG-GPLRC truncated conical shell are solved by the harmonic balance method. The effects of the weight fraction and distribution pattern of the GPLs, the ratio of the length to the radius as well as the ratio of the radius to the thickness of the FG-GPLRC truncated conical shell on the nonlinear natural frequency characteristics are discussed. This study culminates in the discovery of the periodic motion and chaotic motion of the FG-GPLRC truncated conical shell.