Footballing generations go in circles.
The Bayern team around Beckenbauer, Meier and Müller started with there relegation into the league in 1965 - all were very young. The spine stayed together over years. Hoeneß and Breitner were added at the start of the 70s. They won the league three times in a row from 72 to 74 - in 74 they won the CL and the players won the World Cup, too. After that they did a lot friendlies etc. for money. In the league they did not perform great anymore - even were 10th in 1976. The European Cup was the only competition they still performed well in. But that team had an end - Breitner left, Beckenbauer left, Hoeneß had his big injury that ended his career, Müller got old and finally left to the USA...
You cannot produce this generations in free will. It took 40 years to get a similar generation of players...
But Bayern since then always was in the top 12 in Europe - yes, with single years in which they failed. Sometimes even better. Since 1074 Bayern was in 10 European Cup finals - 74, 75, 76, 82, 87, 99, 2001, 2010, 2012, 2013