That circuit is simulating without added series resistors, the two resistors are the port output resistance and the input resistance of the sd card.
While the device has been surviving it is reaching 4.02V (3.3+0.72) at the MISO input. While the SD internal protection may survive this SD cards are typically only rated to 3.6V and while I may have missed it in my readings I don't think that cards guarantee survival at 4.02V, while it may be the case that most do survive some may not.
I would add a couple cents, splash out on a zener and a resistor, an extra channel on your level shifter (need bidirectional type though), if your bit bashing already then you could get a single MOSFET in the attached picture (I didn't draw it very well

) you would have to invert your MISO stuff in the uC firmware though, you would still need the pullup on the SD side.
As for the speed you can have a look at the standards, there are many factors that affect speed,
https://www.sdcard.org/downloads/pls/ (I think that is the site to go to for that).
I had a quick look through the above, didn't really find a way to good model the SD card inputs so, not really sure about the speed in terms of a calculation.