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It basically depends on how well made your HDD is.
https://www.prosofteng.com/blog/how-long-do-hard-drives-last
7 or 8 years ago the 2 year failure rate for SSDs was as high as 60% for some brands and was as low as 5% for others. I would expect that spinning disk tech is on the lower failure rate side of things just because they've been around for so much longer.
Is five years viewed viewed as a reasonable life span for a HDD (on 24/7 in that time)?
Looking to replace a failed one and wondering whether to buy the same.