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I would say roughly a console gen (or 5-8 years) is pretty fair.
15 years or more is dead in almost every case. Dead franchises can come back, just like dormant ones.
In terms of Nintendo IPs, some dormant examples
F-Zero: 99 just narrowly saved the IP from its dead status. The fact that it was dormant and then dead for a while means if we don't hear more in a few years, it will probably be dead again.
Kid Icarus: Dead status is rapidly approaching.
Star Fox: If it's not dormant, it's close to it. No new game for 8 years now (excluding the official release of Star Fox 2 over 20 years after completion), and nothing announced.
Donkey Kong: This probably counts. No new game since 2014, no new release since 2018, and the recent Mario crossover is a remake of the original Mario vs Donkey Kong. This is a really weird choice for Nintendo because there have been a lot of Donkey Kong games (platformers, spin-offs, etc.) but DK has gotten sidelined since the 3DS and Wii U.
BioShock is a non-Nintendo franchise that sticks out as dormant.

Lifetime Sales Predictions 

Switch: 161 million (was 73 million, then 96 million, then 113 million, then 125 million, then 144 million, then 151 million, then 156 million)

PS5: 115 million (was 105 million) Xbox Series S/X: 48 million (was 60 million, then 67 million, then 57 million)

PS4: 120 mil (was 100 then 130 million, then 122 million) Xbox One: 51 mil (was 50 then 55 mil)

3DS: 75.5 mil (was 73, then 77 million)

"Let go your earthly tether, enter the void, empty and become wind." - Guru Laghima