In this paper, an actuator model of the thrust magnetic bearing for the flywheel energy storage is derived using magnetic circuit theory. And we compared this result with finite element magnetic field analysis result. Based on the actuator model, we made a simulation model of the thrust magnetic bearing system. We showed the closed loop transfer function and sensitivity function of the thrust magnetic bearing system using both the simulation model and the experiment. The experimental result at rotation velocity 18,000rpm of thrust magnetic bearing system is included.