Will my i5 2500k overclock to 4.5 ghz on my cooler?

yes u can get to 4.5ghz on that cooler.

A much better cooler would be the Hyper 212 EVO.

That would depend on the chip, remember EVERY chip is different.

For example, my i5-2500k can hit 4.5ghz with 1.236V which is 0.016 volts above stock. But my friends 2500K can only hit 4.5ghz when he has the voltage at 1.325.

yup, I am up to 4.6ghz with my Hyper 212+ @ ~1.35v, even less @ 4.5ghz @ 1.33v. I use push/pull fans though, knocks off 2-3 degrees and sounds cool.

Turning your computer on lowers the life of your CPU, its an electrical component. Does over clocking reduce it significantly? I believe stock lifespans of chips are 1sec to 30 yrs. Overclocking lifespans are what...1sec to 10yrs. Bottom line if your careful, when/if your CPU dies your computer should be obsolete if you overclock or not.

I am going to get the intel insurance tat will let me oc and if it breaks they send me a new one...so i am not worried about burning it just shortaning life span I wll need to upgade before it dies...Correct?

Yes......

Don't get the H60, it's a waste of money. I would get a 128GB SSD and upgrade your case, remember the gtx 480 runs very hot and your current case offers barely any cooling.

So i should use stock cooling or the hyper 212 plus? What case should I get i am only saving 20 dollars downgading to the hyper

Go with the Hyper.

Okay I will... but what case should I get?

At least a HAF 912 or Antec 300.

I recommend the CM Storm Enforcer.

What are the prices??

Thanks for your advice do you think that the GTX 480 is a too old card?? I am only 14 and i have a budget of 200 dollars is there a better card for maybe 250 max dollars

I would wait until your current card cant play the game you just bought on all high settings. I had that issue when Diablo iii hit the shelves. Unless your doing alot of like..photo/video editing.

okay so it is a really good card for 200 dollars

OH my mistake, I thought you had a 480 and you were wanting to buy something else! This is what I am using:

http://www.newegg.com/Product/Product.aspx?Item=N82E16814130625

I am more into CPU's than GPU's thought. But I can play Diablo iii with no issues whatsoever. Its an EVGA card, which I know they make a quality product. I went on what the majority people were buying, and what had the best reviews. If you want to spend a bit more I could look at some stats but I wont know first hand. If anything...I am really happy with my card, if i wanted to spend a bit more money I would go with the 2gb ram version instead of the 1gb version of this card.

Roughly looking at the 550 (link above) the 560 and the 480, they look very similiar spec wise. The 480 has a half a gig more ram, but like i said i would rather go with the 2 gig version of the 550 i would think:

http://www.newegg.com/Product/Product.aspx?Item=N82E16814130652

Is there a recent generation card for 200 that will do most games on ultra.

I dont know about that. My budget was about 100$ (which i bumped up a little). All I really know for sure about graphics cards is that you should get an EVGA nvidia card :S If anything maybe try and find a PCI Express 3.0 card if your mobo supports 3.0 like this one maybe:

Scratch that i saw 2 for under $500 that were 3.0 lol, and they dont even have SLI support. The sucky thing about getting stuff that just came out is the low amount of reviews on it  

You also might wanna get a different hard drive set up going:

smaller ssd + raid 1 TB drives

or

raid 0 ssd + raid 1 TB drives

This would give you more disc space, cost less, and give you the peace of mind of redundancy. constantly writing to your ssd will kill its life span dramatically, especially if it is your only hard drive.