The prediction model is proposed to estimate the variation of compressive strength of fly ash concrete with aging. After analyzing the experimental result with the model, the regression results are presented according to fly ash replacement content and water/cement ratio. Based on the regression results, the influence of fly ash replacement content and water/cement ratio on apparent activation energy was investigated. According to the analysis, the model provides a good estimate of compressive strength development of fly ash concrete with aging. As the fly ash replacement content increases, the limiting relative compressive strength and initial apparent activation energy become greater. The concrete with water/cement ratio smaller than 0.40 shows that the limiting relative compressive strength and apparent activation energy are nearly constant according to water/cement ratio. But, the concrete with water/cement ratio greater than 0.40 has the increasing limiting relative compressive strength and apparent activation energy with increasing water/cement ratio.