This paper describes a numerical method for estimating the elastic moduli of cement paste. The cement paste is modeled as a unit cell which consists of three components: the unhydrated cement grain, the gel, and the capillary pore. In the unit cell, the volume fractions of the constituents are quantified using a single kinetic function calculating the degree of hydration. The elastic moduli of cement paste are calculated from the total displacements of constituents when a uniform pressure is applied to the gel contact area. The cement paste is assumed to be a homogenous isotropic matrix. Numerical simulations were conducted through the finite element analysis of the three-dimensional periodic unit cell. The model predictions are compared with experimental results. The predicted trends are in good agreement with experimental observations. This approach and some of the results might also be relevant for other technical applications.