The aim of the study is to investigate the method to estimate a shelf life of KM6 single base propellant by stochastic gamma process model. The state failure level is assumed that the degradation content of stabilizer is below 0.8%. The constant of time dependent shape function and the scale parameter of stationary gamma process are estimated by moment method. The state distribution at each storage time can be shown from probability density function of deterioration. It is estimated that the $B_{10}$ life, a time at which the cumulative failure probability is 10%, is 25 years and the $B_{50}$ life is 36 years from cumulative failure distribution function curve. The $B_{50}$ life can be treated as the average shelf life from the practical viewpoint and the lifetime can be expressed as distribution curve by using stochastic process theory.