The main objective of fault tree analysis method is to estimate the “Top Event occurrence probability”. This requires determination of failure time distribution functions also known as “Bathtub Curves” for each of the system elements/events. This paper introduces a novel method to determine the failure time distribution functions using possibility theory. For this purpose, fuzzy‐bathtub distributions using expert opinions are generated for basic events and fuzzy formulas are derived for static and dynamic gates fault tree constructions. This process completed by proposed fuzzy Monte Carlo simulation throughout the preferred operational time and uses the actual time‐to‐failure data. Accordingly, the Top Event failure curve and the reliability profile of the system are depicted based on the defuzzificated basic‐events' bathtub‐failure‐rates. The results show that the proposed method not only is feasible and powerful but can also be accurate more than the other probabilistic and possibilistic techniques because of the component failure rates follow the real failure distributions.