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Coming up on page 5 is only good if you are still doing SEO. Bringing a site from page 5 to page 1 is easier than bringing it from page 100 to page 1.
It is not a good stopping point, but if you have seen steady movement in the right direction page 5 is good.
Sometimes the difference between page 5 and page 1 is a small one. It really depends on your competition and your SEO strategy.
If you are on page 5 with no SEO strategy, you may be in a better position than you realize.
Alston hit the nail on the head here...