Existing experimental results have shown that using a semi-log linear relationship between the permanent volumetric strain and cyclic number underestimates the volumetric deformation of rockfill materials with a large cyclic number, and that the error increases with the confining pressure. The existing permanent deformation models are not suitable for the seismic safety analysis of high dams during strong earthquakes. In this study, a series of large-scale triaxial cyclic loading tests of rockfill materials were performed, and a new permanent deformation model of rockfill materials was developed and validated with three kinds of rockfill materials. The results show that the proposed model can properly reflect the general features of the permanent deformation of rockfill materials. The main features of the model are as follows:(1) relations between the cyclic number and permanent volumetric/shear strain are described by hyperbolic functions, which can avoid underestimating the volumetric deformation occurring during strong earthquakes; (2) the model can capture the effect of the mean effective stress on the permanent volumetric strain, with greater confining pressure correlating to greater permanent volumetric deformation, and the permanent volumetric strain under low confining pressure near the dam crest can be well represented; and (3) the model can reflect the effect of the consolidation stress ratio on the permanent shear strain.