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I'm going to be contrarian here. It's very hard to place higher than 3rd without at catching at least 1 hand.
You can "fold like superman on laundry day" until the blinds his about 75/150 - then you have to steal. Now, stealing is (duh) key to sucess, but I rarely find bubble/near bubble situations where I can steal my way ITM - UNLESS I have doubled up at least once already. But frankly, if you are more or less a short stack, someone is going to gamble with you and you are going to have win at least a coinflip. More liley you will have to dodge a couple 3:2s as well, if not suckout yourself.
Now, I think you only need 3000 chips to squeak into the money, but then you will need to hit a hand or to to get HU. HU, I like my chances vs. the riff-raff in the mid-level SNGs, as long I am not outstacked > 4:1 and the blinds are not too high.
I should say that this is my experience based on Poker Stars primarily. Other sites are probably fishier. I may be biased by playing alot of turbos recently as well. Sometimes, 3-4 people bust out early, but I have also been to several where everyone is still in at blinds 75/150!
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