First Build Ever, Looking for Some General Input

[CremeDeLaCreme]

Location and budget:

Canada and since I've already purchased my SSD and GPU, I have about $750 CDN left in my budget.

 

Aim:

1440p gaming with high graphics around 60 fps. I plan to run a single 1440p monitor.

 

Peripherals:

I've already got nearly all my peripherals, with the exception of speakers 

 

I've got three questions:

1).Is a 500 Watt powersupply going to be enough wattage for this build? If it is enough do, could I OC my GPU at all?

2).Will my I5-4690 bottleneck my performance at 1440p?

3).Should I be concerned with any of the compatibility notes on PC Part Picker?

 

Link: PC Partpicker List

Motherboard: MSI H81M-P33 Micro ATX LGA1150                                                                 -  $53.70

CPU: Intel Core i5-4690 3.5GHz Quad-Core Processor                                                            -  $279.98

Memory: Crucial Ballistix Sport 8GB (1 x 8GB) DDR3-1600                                                      -  $40.98

Storage (HDD): Western Digital Caviar Blue 1TB 3.5" 7200RPM                                              -  $59.75

Storage (SSD): Kingston SSDNow V300 Series 240GB 2.5"                                                     -  $83.98 purchased

Video Card: Asus GeForce GTX 1070 8GB Founders Edition                                                  -  $638.95 purchased

Case: NZXT H440 ATX Mid Tower Case                                                                                    -  $138.00

Power Supply: PC Power & Cooling Silencer MK III 500W 80+ Bronze Semi-Modular ATX     -  $132.13

Wireless Network Adapter: TP-Link TL-WDN4800                                                                  -  $44.90                  +

                                                                                                                 Total:                            $1,458 CDN                                

 

Thanks so much for your time, any input would be appreciated.                                                                                          

[g12601]

1) You should get a better power supply. 

2) It should be fine.

3) Only the chipset thing is the possible concern.