Hydrogen peroxide powered rocket packs fly for around 30 seconds, because they have a specific impulse of around 125, meaning that one pound of propellant can make 125 pound-seconds of thrust, meaning that it takes about two pounds of propellant for every second you are in the air. Mass ratios are low for anything strapped to a human, so the exponential nature of the rocket equation can be safely ignored.

A pretty hot (both literally and figuratively) bipropellant rocket could manage about twice the specific impulse, and you could carry somewhat heavier tanks, but two minutes of flight on a rocket pack is probably about the upper limit with conventional propellants.

However, an actual jet pack that used atmospheric oxygen could have an Isp ten times higher, allowing theoretical flights of fifteen minutes or so. Here, it really is a matter of technical development, since jet engines have thrust to weight ratios too low to make it practical. There is movement on this technical front, but it will still take a while.

John Carmack

...each with its own clever phrase for that day. I wonder how long it will be before someone offers a "full-service" laundromat with T-shirts made of this material. Take your T-shirts to the cleaners, and get them back with a fresh supply of clever phrases for the next month. Of course the upload mechanism will be encrypted so you have to go back to get another batch of fresh clever phrases. This could give a hi-tech twist to the old saying..."no ticket, no laundry".