A method, system and computer-readable medium for estimating a life expectancy of a tool used in a pumping operation is disclosed. A property of the tool is obtained and a pumping parameter of the downhole operation is selected. The pumping parameter is related to erosion of the tool. A value of the pumping parameter is measured during the pumping operation. The life expectancy of the tool is estimated during the pumping operation using the obtained property of the downhole tool and the measured value of the pumping parameter. The value of the pumping parameter may then be changed to a new value in order to affect the life expectancy.