Find out how much time do you need to set up your PS5 for the first time, update the system software and connect to PlayStation Network (PSN).https://www.playstation.com/en-gb/support/hardware/ps5-get-started-set-up/
- Attach the PS5 base (5 minutes)
- Connect PlayStation 5 console to a display (2 minutes)
- After turning on the PS5 for the first time, follow the on-screen instructions to (5 minutes):
- Connect the controller to the system.
- Select your language.
- Set up your Internet connection.
- Adjust display settings
- Control power options for Rest Mode
- Read and accept the user agreement.
- Connect PS5 console to the Internet (2 minutes)
- Update the PS5 System Software, if a system software update is required (5 minutes)
- Connect PS5 console to PSN (5 minutes)
- Optional step: Transfer games and data from PS4 console (1-5 hours)
So the basic setup can take up to 30 minutes, but if you want to transfer games and data from PS4 to PS4 it can take up to 6 hours.