$59.99/mo. = 600-700USD a year, this would be too expensive, I think.I would also recommend a VPS, however, we can offer you a shared hosting plan that fits your needs.
Fire High Usage Shared Hosting
500GB RAID10 Disk Space
2TB transfer @1gbps
Daily On-Site / Nightly Off-Site Backups
Legal IRC Okay
$59.99/mo. before FWS discount (https://clients.wswd.net/cart.php?gid=31)
I can also do a custom plan for you with your exact specs for $29.99/mo.
You are asking for a half dedicated server, I think that that price would be fair... Even cheap if you ask me.$59.99/mo. = 600-700USD a year, this would be too expensive, I think.