This paper presents the characteristic simulation of PM-type magnetic circuit breaker with the 2D finite element magnetic field solution including non-linearity of the material and an eddy current. Change of dynamic characteristic of the actuator is quantified from the finite element analysis. The results obtained from a commercial finite element analysis software are compared with those calculated from the developed finite element analysis software. A new modified model to decrease the eddy current is proposed. The characteristics of the two models are compared.