This paper is aimed at developing a suitable computation method for estimating the fatigue life of structural elements exposed to the load spectrum. The total fatigue life can be divided into two parts, until the appearance of the initial damage and the other part represents the remaining life, i.e. until the effective fracture. The conventional approach to estimating the total life requires that low-cycle fatigue characteristics of the material be used until the initial damage occurs, and dynamic characteristics of the material for the remaining life. In order to obtain a more efficient method, the Strain Energy Density (SED) method was used in this paper. The essence of this approach is to use the same low - cycle fatigue characteristics of the material to estimate the life expectancy and the remaining life. This work is focused to developing efficient computation method and software for total fatigue life of metal aircraft structural components. To obtain efficient computation method, here the same fatigue low cyclic material properties for crack initiation and crack growth are used together with finite element method (FEM) for stress analyzes. To validate quality computation methods and in-house software for fatigue life estimations computation results are compared with experiments. The results show that the predicted results agree well with the test dat