Not really. While it is possible to monitor some aspects and make predictions based on statistics, there are risk factors that can lead to instant failure without any warning. As the worst case scenario can strike at any time, I'd just plan around it, and not differentiate between failure modes.
So to guard against hardware failures, set up a RAID6 and swap harddisks if the controller tells you they are no longer usable; this protects reasonably well against typical failure modes (total unannounced loss of an entire disk and individual unreadable sectors on single disks), and for everything else (lightning strike, ...) there is your off-site backup.
I've since moved my entire storage at home to a single machine with 4 x 2 TB disks, which gives a net capacity of 4 TB, allows up to two disks to fail (this is an important feature, as statistically it is very likely for another disk to fail during a rebuild, and even single unreadable sectors count as failures if you have no redundancy left), and can easily be extended by adding more disks; move that to the broom closet and use diskless systems everywhere else, and receive a massive Spousal Acceptance Factor boost for future hardware purchases. :)