I have LP's I have played since the 1960's. I also have LP's I bought that were produced in the 50's/60's. Some sound fantastic still. Other's were probably played with inferior cartridges, tables, arms, poor set-ups, and mishandled, including my own (not unusual for the time really....it's 'all we had', and did not angst over record care as we do today). Those may not sound as good, obviously, but still very playable, and some that were taken care of, close to or as good as my newest vinyl today.
Keep you table/cart properly set-up and renewed when necessary, and your LP's clean and properly cared for, and obviously they will last for decades, easily.