I have a server that's been on since at least 2008 (going by dates on system files and don't recall if I had reinstalled the OS at some point or not) and never changed the PSU, it's just a white box build. Don't recall what kind of PSU it is either. They can last a surprisingly long time, which really makes sense as they are relatively simple devices. The most likely failure point is the capacitors but if they use half decent brands and not Wun Hung Lo ones and there is adequate cooling and decent thermal design those can last a long time too.
That said I probably would not use such an old PSU in a new build, as there has probably been lot of advancements in efficiency since then, and there is probably still a bigger chance of failure given the age.
I made wise decisions and wasteful decisions when I rebuilt my server in 2014. It only needed to be a quad-core "anything", and I wish I'd picked the NVidia "x80i" board among my parts-locker that would at least offer me PCI-E 2.0. But the 780i had not yet been decommissioned for apparently the same problem I had that caused me to replace a Wolfdale C2D with the Quad Q6600. It was just a matter of sequence and convenience.
I can't tell whether the upgrade to a $90 OEM or "Pull" processor was necessary, but I can tell that it was marginally worth it.
Because we had at one time maybe 3 systems running in the house with DDR2, I had plenty of good kits to put 8GB in the 680i. No extra expense.
But I did spend ~$100 on a 650W Seasonic. That server will be replaced by an IB i5-3470 in a Z68/Gen3 mobo fitted with 16GB 4x4 Corsair XMS DDR3-1600 9-9-9's that probably cost me "used" [2 years] about $80 when the Egg was still offering that kit for ~$170. I used them in another system for the good part of a year. I can take my time with the integration of Win 2012 R2 Essentials to the household network until the old server breaks down. Hopefully, it will be ready and running before that.
And I already bought a new PSU for the i5-3470 server, tested and ready, for more like $130 because it was a Seasonic X-Series Gold.
Oh, I feel totally remorseful after this thread. I pulled a corsair HX 520 out of my 6 year old build. I'm on my second build since I pulled the Corsair, and both times I succumbed to a brand new shiny PSU rather than reuse the Corsair. I looked at it this week with a flashlight shining through the grill. I couldn't see much, but what I saw looked nearly new. I feel so guilty and wasteful
If it bothers you, settle on a discipline for how many spare PSUs you need to keep in your parts locker. Personally? I'd give myself one and no more than that.
Look at it in a business-like way. You invested in the "plant and equipment" of a good PSU that had a lifecycle of six years. For the accounting and according to guidelines for that sort of thing, it would straightline over 5 years as 5-year property if it could only be fitted into a Schedule C (et al) for a home business. But that's just the allocation of your initial outlay of something around $100 more or less. If you got a 5-year warranty, it was more likely a "good" PSU and the protection matches the accounting and the lifecycle.
If all this was for your own convenience and pleasure with no taxable revenue associated with its use, it still all amounts to the same thing. And if the old Corsair was tested "good" but you just decided to retire to the parts-locker based on this thinking, permit yourself to recycle whatever won't fit in the parts locker.
Good or bad, as opposed to some other items, the salvage-value of discarded PSUs is probably closer to the net return on the recycling output than to the remaining value in the fourth year.