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Global warming has increased the prevalence and severity of natural disasters, such as the increased frequency and intensity of drought events. In this study, we employed the standardized precipitation evapotranspiration index (SPEI) and standardized precipitation index (SPI) to analyze and predict the temporal and spatial variation of drought and its characteristics in the Songliao Plain under two global warming scenarios (1.5 and 2 °C). We used climate model data provided by the Inter-Sectoral Impact Model Intercomparison Project. The results show that drought will become more frequent in the future; it is more serious at representative concentration pathway (RCP) 8.5 than RCP4.5 and under global warming of 1.5 °C than 2 °C. Geographically, the SPEI indicates that there are signs of drought in the northwest and northeast of Songliao Plain while the SPI indicates that drought decreases from north to south. In terms of drought characteristics, the drought barycenter expressed by the SPEI moves to the northeast, while the drought barycenter expressed by the SPI moves to the northwest. The SPI relies on a single meteorological factor, making the SPI mutation test more stable. Finally, compared to the historical period (1976–2005), the frequency and duration of drought have increased, and it is more reliable to use the SPEI to monitor drought in this area. [ABSTRACT FROM AUTHOR]