The spin-torque oscillator (STO) is a new compact device operating as a tunable RF oscillator in the tens of gigahertz range whose characteristics are determined by the applied current and magnetic field. In this paper, we present a physics-based empirical circuit-level model of an STO that is compatible with circuit-level simulators such as SPICE. The characteristics of an STO are modeled as physics-based analytic functions of the applied current and external magnetic field. The validity of our model was verified by the HSPICE simulation of a current mirror circuit that contains an STO element. The simulation results are in good agreement with the experimental data in the normal operation range. High-order nonlinear effects at large currents are not included in our model because there is no theoretical equation available yet that can precisely explain these effects.