A method and system for monitoring a condition of a machine are provided. The machine monitoring system includes a housing mounted to a surface of a machine, a plurality of sensors configured to generate respective output signals for a parameter indicative of a condition of the machine, and a voting module positioned within the housing and configured to generate a corrected output based on the respective output signals. The machine monitoring system also includes a memory device including a store location configured to store manual input functions relating to a construction of the machine, a life calculator communicatively coupled to the voting module and the memory device wherein the life calculator is configured to determine a life remaining in the machine using the corrected output and the manual input functions, and a display positioned within the housing and configured to display the life remaining in the machine.