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It depends how you treat the car but they can last way past 150,000 miles. I have a 97 civic and I'm up to 165,000 the only problem that my engine has is that it burns oil so i have to keep putting a quart of oil every 3-4 weeks. But that's something you can expect with high mileage engines.
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This is a finance question, not a car question. What I mean is that as long as you have the funds to invest, you can replace anything that wears out on the car. Most cars are junked when the repair value equals or exceeds the value of the vehicle. On a Civic, this is probably going to be 250k-300k for mileage. I sold a '94 Quest at 200k because the a/c repair was equal to the value of the vehicle (about $1,500). Hope this helps.
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