The porosity of the material produced by additive manufacturing technology gives rise to a notable dispersion of the crack initiation life in the very-high-cycle fatigue regime. The crack initiation life in the very high cycle fatigue regime can be divided into the initial crack initiation life and early microcrack growth life. This paper proposed a model considering the effect of pore morphology and location to predict the initial crack initiation life. The average local stress in a grain near the pore is modified by considering the relationship between pore roundness, inclination, position, and stress concentration factor. The growth life of early microcrack is determined by integrating empirical formulas based on dislocation theory. Subsequently, the probability distribution of crack initiation life is obtained, which is in good agreement with the experimental results. The competition factor is proposed to quantitatively evaluate the tendency of crack initiation from the surface or the interior, taking into account the influence of local average stress and grain size. The predicted load corresponding to the shift in crack initiation position is in accordance with the experimental results.