Yes, good old Pepi II reigned for 94 years, but that was so atypical that he outlived his sons and likely grandsons too. The First Intermediate period chaos started at his death because there was nobody left with a valid (for Egypt) claim to the throne.
Look, you probably know already how statistical distributions work. There are always outliers. Just as you find a lot who died a lot earlier, you find a lot who died much much later than average, if you have enough data points there. A Gauss curve keeps going towards the right. You can't take Pepi's unusual long lifespan as an indication for the average, any more than you could take Sarah Knauss (lived almost 120 years) as an indication that everyone in these days lives to 100 years old, or Bill Gates as an indication that everyone is a billionaire. Pepi II was _extremely_ unusually long lived for that age, not the norm.
And really, I've said this countless times, including in this thread: no, it's not just the zeroes screwing up the numbers. I don't know where people get this bogus idea that somehow the only statistic we ever made is an average of everything. It's false, and no amount of repeating it will make it true. Almost all serious studies of life expectancy actually plot curves for age of death and calculate life expectancy at every age in between, not just as zero.
Really, there seems to be this underlying idea that everyone studying that is so incredibly dumb, that it never occurred to them to just look at where the second peak is or to calculate a life expectancy out of the infant mortality range. Like at 3 years old or 5 years old or whatever.
And really, here's one set of data:
http://www.utexas.edu/courses/denbow/labs/egypt2.htm
Look at what age the second peak is. No, we're not just confused by lots of zeros. Yes, the second peak of deaths by age actually is actually around 30 years old in the Old Kingdom (as in, really, the peak straddles the 30 line). For females the peak is near the same point, but the curve is flatter and wider and dives faster after the peak, so you'd still have a higher chance to die earlier than that. It goes up into the 40's in the New Kingdom, and then actually dives right back down in Christian times. We're not confused by zeroes. That's where the curve peaks if you survived infant mortality.
Other data sets are finer grained or have more data points and their peaks may differ by a couple of years, but they don't change the general idea that, yes, those people died early. No, they didn't live until 60-70 if they got out of infant mortality. Well, a few people did, but they were minority.