My personal take, is that you can get to 550hp fairly easy. You'll need a tranny at that level, for sure. Depending on your ability and desire, you can do it for about $3500-5000+ depending on how wild you want to be. The EFI and lift pumps will get you close to 500, and should set you back between $1200-$1500. but I don't think it'll be enough by itself. Upgraded turbo would probably be next on the list, and that's probably $2500+ at least. You should get 500hp with that setup easy, but watch the rods. They like to turn into spaghetti when you get much over 500hp.
To pull, you'll need some tie-rod sleeves and a centerlink brace for sure, I'd recommend cognito's steering upgrades as wellThat will set you back about $700. Getting pricey now. This should give you some ideas and a close approximation for the costs associated with it. Bottom end builds are big money once you get past this step.