Joey, If you get both lungs the deer will die in about 30 seconds or slightly more time but can travel 100 yards or more in that time. I generally wait 30 minutes after the shot before trailing unless I know it is a gut shot or a liver shot. Then I wait 2 or more hours before trailing. My max shot would be 25 yards but prefer 12 to 15 yards. The effective range of an arrow is as far as the arrow will go. Howard Hill killed an elk at 185 yards with his longbow.
A complete pass through is not necessary to kill a deer. 6" to 8" penetration is enough to get both lungs. As a matter of fact if the broadhead is inside the deer and the shaft strikes bushes or trees as the deer runs off it will do more damage inside.