How long it lasts... that's a strange way of putting it. From day 1, wear particles from the clutch-pack, the steels, the bands, the drums, and friction materials from the lock-up clutch on the torque converter get generated. The ATF filter is not a bypass filter with tight filter media, but rather, is a quite coarse media through-filter. It would become occluded if it were tight-media. The generation-rate of wear particles in the ATF is totally contingent on:
- type of driving done (city, expressway, etc); and
- relative vigour with which the car is used (jack-rabbit starts or driving like Grandma).
Beyond wear particles generated, ATF life is impacted by the ambient conditions, the load the car pulls (affects slippage of torque converter and consequently heat produced), and the effectiveness of the ATF cooler. That heat can chemically change the ATF. Also, the degree to which gears and rolling element bearings shear the ATF - that lessens it's viscosity. Lower viscosity than spec'd by the designers can cause more wear.
Wear particles circulating hasten the wear of the steel pistons in the aluminum valve body, wearing it out sooner. Said wear particles also wear out rolling element bearings sooner.
There's no such thing as 100-120 k miles' life for ATF. With all of the bad things happening, 50k to 60k miles is reasonable... Sooner - better yet!