I had a bottle of hand sanitizer that expired in 2010 stuck back in a cabinet. I decided to investigate how firm the date was. What I learned is that, because the bottles are not air tight, the alcohol gradually evaporates and the sanitizer is considered no longer effective when the alcohol content falls below 60%.
So 60% is evidently the floor for alcohol content in a sanitizer.
The Centers for Disease Control and Prevention (CDC) recommends using hand sanitizers that contain a minimum of 60 percent alcohol.
I have about 1/2 of the gallon that I bought about 4 years ago left. Assuming that the alcohol has at least partially evaporated, I would think that adding some high proof alcohol and thoroughly mixing it will restore its potency.
Thanks for the info about the alcohol evaporating - it could save anyone reading it a lot of misery later.