Depends on the light as well as how you care for it and treat it. I've had l.e.d. Maglites. The 2AA and 3AA ones have contacts that corrode and lose electrical contact after about a month. I've had one fail and one dim because of poor heatsinking frying the l.e.d.. I've had to use Deoxit on all my remaining Mags that work to keep them working. I have yet to see any of my Fenix lights fail, but I take good care of them. I have a P3D Q5, a P2D Q5 with L1D and L2D body and tailcaps, a couple L1Ts version 2.0, a half dozen EO1s, and a TK11 R2. I have spare bodies and tailcaps for some of these lights and they come with spare O rings. I have used Deoxit and Deoxit Gold on all of the contacts and lubed the threads and O rings with Nyogel. I think these lights will last. However, most don't follow the KISS principle (keep it simple stupid). All of these lights have circuits that can fail. Most have push button switches that can fail. The lights that will last the longest are the simplest ones with a reliable twisty switch, good heatsinking, waterproof, built like a tank, and with no extra levels. That's what Inova lights (and some Gerber lights) are good for. My T1s (2007 and 2008 versions), XO (new with O.P. reflector), X1 (version 4), X5s (2008 and 2009 versions), as well as my Gerber LX3.0 and Infinity Ultra are all great lights that haven't failed me yet. The ones I would trust the most would have to be the Infinity Ultra and X5. These lights have never failed and have been constantly improved over time. They can be beaten and thrown around (and have been) and still work. Neither have: a lens to break, new cutting edge circuit that still has bugs to be worked out, push button switches that can break, extra entry points that require extra O ring seals to keep it waterproof, a poor thermal path, a new type of l.e.d. that hasn't been tested for how long it will last, multiple settings (that at the very least wear out a switch faster as well as provide another thing that can break), a regulation circuit (alkaline batteries leak more often when these try to suck them dry), or an exposed l.e.d. (Both lights have recessed l.e.d.s. The X5 has stainless steel on both ends to limit damage from drops.)