You are only going to get an approximation good to some number of decimal places. If you use $N$ terms in the series, then the error is approximately the magnitude of the $N+1$th term. The question you must ask yourself is, if I want $M$ decimal places of accuracy, then how big must $N$ be?
Example: say you want $M=6$ places of accuracy. Then
$$\frac{(\sqrt{2}-1)^{2 N+1}}{2 N+1} < 10^{-6}$$
By trial and error, I get $N=6$. That means you only need $6$ terms in the series to get that level of accuracy.