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Quantum machine learning (QML) is a fast-growing discipline within quantum computing. One popular QML algorithm, quantum kernel estimation, uses quantum circuits to estimate a similarity measure (kernel) between two classical feature vectors. Given a set of such circuits, we give a heuristic, predictive model for the total circuit execution time required, based on a recently-introduced measure of the speed of quantum computers. In doing so, we also introduce the notion of an "effective number of quantum volume layers of a circuit", which may be of independent interest. We validate the performance of this model using synthetic and real data by comparing the model's predictions to empirical runtime data collected from IBM Quantum computers through the use of the Qiskit Runtime service. At current speeds of today's quantum computers, our model predicts data sets consisting of on the order of hundreds of feature vectors can be processed in order a few hours. For a large-data workflow, our model's predictions for runtime imply further improvements in the speed of circuit execution -- as well as the algorithm itself -- are necessary., Comment: 8.5 pages of main text + 1.5 pages of appendices. 7 figures & 3 tables