Quantification of carbide phase changes by X-ray analysis, with an objective of actual life assessment of service exposed 2.25Cr -1Mo boiler tubes is described. Carbide transformations and their compositional variations in specimens subjected to extended service (~5 -18 years) from a power plant were investigated by X-ray diffraction and X-ray fluorescence analysis of extracted carbide precipitates. Quantitative estimation of equilibrium carbide phase M 23 C 6 by Rietveld's refinement technique showed a systematic increase with service. Carbide composition analysis revealed a decrease in Mo wt% with ageing. Based on this result, two life assessment methods were proposed and applied to few unknown specimens for its validation. The computed life was in good agreement with plant operating data.