A vehicle has a transmission, a transmission filter, and a controller having an algorithm or method for predicting the remaining useful life of the filter. The algorithm or method uses a sensor to detect an operating event of the transmission, such as a completed shift event or zero transmission output speed event, and increases a stored value of an accumulated distance and time variable. A shift sensor is operable for comparing a detected speed ratio of the transmission to a stored threshold speed ratio for determining the completed shift event. The remaining useful filter life is predicted using one or more look up tables using the values of the accumulated distance and time variables. The accumulated distance is calculated in part by dividing a prior recorded accumulated distance value by a ratio of an output speed of the transmission to an actual vehicle speed.