The fatigue properties of Ti-Ni shape memory alloy wires were investigated. In Ni-rich Ti-Ni shape memory alloys, $Ti_3Ni_4$ precipitates formed by aging treatments are believed to vary the shape memory and mechanical properties. In this study, the effect of aging temperature and aging time on shape memory properties and fatigue life were investigated using Ti-50.9 at% Ni alloy wires. The specimens were solution-treated at 1073 K for 3.6 ks followed by aging at 573 K, 673 K and 773 K for periods between 3.6 ks and 3600 ks. It was found that the fatigue life under a constant stress decreased with increasing aging temperature. When the specimens were aged at 573 K for periods between 36 ks and 360 ks, superior shape memory and fatigue properties were obtained. The fatigue life also decreased when the test temperature and strain amplitude increased. It was concluded that the fatigue life exhibited a linear relationship with the critical stress for slip.