The current work introduces a method for predicting Memcached throughput on single-core and multi-core processors. The method is based on traces collected from a full system simulator running Memcached. A series of microarchtectural simulators consume these traces and the results are used to produce a CPI model composed of a baseline issue rate, cache miss rates, and branch mispredictions rate. Simple queueing models are used to produce througput predictions with accuracy in the range of 8% to 17%.