I'm prepared to shoot 50yds with my bow for elk...even 60yds when I started practicing a couple years ago for longer shots on elk, I'd say you wanna be able to the vitals on an elk at 40yds... long distance bow shots seem to kinda be a peeing contest amongst men, i've heard 70yds, 120yds, which is pretty ridiculous if you ask me, plus at that range hitting a target vs. having enough energy is another.
I actually find my groups at 50yds about as good as my 30yd groups, I attribute this to being more focused on those longer shots, so give em a try you might be surprised you shoot better...