NaK droplets consist of eutectic sodium–potassium alloy and have been released during RORSAT reactor core ejections mostly on orbits close to 950 km altitude. They contributed to the space debris environment in the centimeter and millimeter regime. NaK droplets have been modeled before in ESAs MASTER Debris and Meteoroid Environment Model. The approach is currently revised for the MASTER 2005 upgrade. The new NaK model gives estimations of the parameters of the size distribution function, which are based on physical relations only. NASA radar observations confirm this physical approach. A bimodal size distribution is derived, which is based on the Rosin–Rammler equation. The Rosin–Rammler equation is an empirical volume distribution function. The number of parameters is limited to two. It is likely that the coolant system contains two types of orifice diameters. This makes it necessary to apply the Rosin–Rammler distribution twice, resulting in a bimodal size distribution with altogether four parameters. The comparison shows that the new NaK model is in good agreement with the NASA model, which is based on radar observations. Results of orbit propagation simulation runs are presented.