MTG(Micro turbine generator) operating at 400,000 rpm is under development and the impact test rig to measure the dynamic stiffness and damping coefficient of air foil bearing for high speed rotor is presented in this study. The stiffness and damping coefficient of air foil bearing depending on the rotational speed can be measured easily and effectively by using the simple configuration of impact test rig which is composed of air gun, gap sensors and high speed motor. The estimation results of stiffness and dampling coefficient using least square estimation method is presented as well.