That will be possible only if the HTML file is also loaded with the file protocol from the local user's harddisk.
If the HTML page is served by HTTP from a server, you can't access any local files by specifying them in a src attribute with the file:// protocol as that would mean you could access any file on the users computer without the user knowing which would be a huge security risk.
As Dimitar Bonev said, you can access a file if the user selects it using a file selector on their own. Without that step, it's forbidden by all browsers for good reasons. Thus, while his answer might prove useful for many people, it loosens the requirement from the code in the original question.