A method to estimate the fatigue life of a component operable under cyclic stress is provided. A system including testing device for performing a strain controlled test of a component or a representative specimen of the component, to obtain therefrom a first set of data samples including measured stress amplitude values for varying applied strain levels, and a second set of data samples including measured number of cycles to crack initiation for varying applied strain levels is also provided. The system further includes a modeling device for fitting a first low cycle fatigue material curve on the first set of data samples and a second low cycle fatigue material curve on the second set of data samples.