This study determined the equivalent moment of inertia of the upper rotating body of an excavator, for the inertial endurance test of an excavator slewing system. The input speed and torque of the slewing reducer were measured by an excavator slewing test, and the equivalent moment of inertia of the upper rotating body of the excavator was calculated using iterative calculation. We developed a dynamic simulation model of the excavator slewing system, and validated the model by comparing it with the slewing test results. Using the validated model, we further developed a simulation model for the inertial endurance test, that considers the moment of inertia of the upper rotating body of an excavator. We concluded that the new dynamic model for the inertial endurance test of an excavator slewing system well exemplified the actual slewing test results.