Residual stresses can have a significant influence on the fatigue lives of structural engineering components. For the accurate assessment of fatigue lifetimes a detailed knowledge of the residual stress profile is required. Significant advances have been made in recent years fur obtaining accurate and reliable determinations of residual stress distributions. These include both experimental and numerical methods. The purpose of this study is to simulate peening process with the help of the finite element method in order to predict the magnitude and distribution of the residual stresses in accordance with the parameters, which are, e.g. shot velocity, shot diameter, shot impact angle, shot shape, distance between two impinging shots, and material parameters.