Start with 4000 chips (50s, 100s, 500s).
Blinds start at 50/100 and move up every 15 minutes (10 if you want it to move faster).
Lveles:
50/100
100/200
150/300
200/400
300/600
400/800
500/1000
800/1600 (or 750/1500 or skip this one entirely)
1000/2000
1500/3000
2000/4000
Your tourney will be over by now. With 15 minute levels, this will come out to about 2.5 hours at the most...
This is roughly what we do in one of the home games I play in regularly... and it works out well. You can also start with 5000 chips if you want a little more room to move, which I like.
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