In this study, an elastohydrodynamic model was created for predicting the pressure field in a compliant thrust bearing assembly lubricated by high pressure CO2. This application is of significance due to ongoing research into the closed-cycle supercritical CO2 turbine as a high-efficiency alternative to steam turbines. Hardware development for this concept has been led by Sandia National Laboratories, where turbomachinery running on gas foil thrust and journal bearings is being tested. The model accounts for the fluid velocity field, hydrodynamic pressure, and frictional losses within the lubrication layer by evaluating the turbulent Reynolds equation coupled with an equation for structural deformation in the bearings, and the fluid properties database RefProp v9.0. The results of numerical simulations have been compared with empirical correlations, with reasonable agreement attained. Of particular interest is the contrast drawn between the performance of high pressure CO2 as a lubricant, and ambient pressure air. Parametric studies covering a range of fluid conditions, operating speeds, and thrust loads were carried out to illustrate the value of this model as a tool for improved understanding and further development of this nascent technology.