We demonstrate a femtosecond Cr:YAG laser mode-locked by a carbon nanotube saturable absorber mirror (CNT-SAM) at a repetition rate of 550 MHz. By employing the CNT-SAM, which exhibits a modulation depth of 0.51% and a saturation fluence of 28 μJ/cm2 at 1.5 μm, we achieved a compact bulk Cr:YAG lase