My bet: you will get 0 (zero) completes...
But now serious: I don't know the exact structure and how many questions have to be answered on average per respondent, but 500 questions? Even if on average only 10% need to be answered, who will do this?
The memory of your server is relatively solid, but I still wouldn't send too many respondents at once to the server. I don't think that Godaddy is the very best choice when it comes to Limesurvey (I remember a few problems a while ago, might be solved now) and they are usually also not he highest quality provider.
Do a soft launch. Send out a few invites, check the response rate, see the impact on hour server. Then you might be able to extrapolate from this expierence. Send a few more and check, and so on. Don't just send out all invites and wait.
Also how you will invite people, your target group and the topic of your survey will have an impact. How many people will you invite and how?