Aiming at 3SPS+1PS parallel hip joint simulator, the maximum stress of branched chains under the suggested trajectory is obtained by elastodynamic analysis. Based on Corten-Dolan fatigue damage theory and Rain-flow counting method, the dynamic stress of each branched chain is statistically analyzed. The fatigue life prediction shows that branched-chain A2P2C2 is the weakest component for the simulator. Finally, the fatigue reliability is analyzed and the fatigue life and reliability under different structural parameters are discussed. The study shows that the fatigue life of each branched chain can be increased or balanced by increasing structural parameters or exchanging initial motion parameters.