I recommend 10MBps download speeds at least. That way if someone else in the home is streaming Netflix or Youtube, your gaming shouldn't be effected.
Next, as what others are saying, you'll want to go wired. It's the best connection between the PS4 and your Internet. Have other devices use the Wifi.
Lastly, if you're really wanting to take advantage of PS4's capabilites, then you'll want 10MBps upload speed for game sharing.
I personally run 60MBps download and 5MBps upload (sadly, best in my area) so I can play online just fine while my wife watches her shows and downloads stuff. The downside, I can't participate in game sharing.
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