An implant is provided for replacing the proximal portion of a femur having a substantially intact natural femoral neck and a lateral side opposite the femoral neck, with a bore extending from the femoral neck through a lateral side of the femur. The implant comprises a sleeve having a flange for engaging a proximally facing resected surface of the neck surrounding the bore in the femur and having a bore with an inwardly tapered conical portion. A shaft member having a longitudinal axis, a distal end, and a proximal end is placed in the bore through the femur. The shaft member has an intermediate conically tapered male portion for coupling to the conically tapered bore of the sleeve and a proximal end having a conically tapered portion. A head member having a distal end and a proximal substantially-spherical portion and a tapered recess is configured for positioning in a natural or prosthetic hip socket.