Preparing my CPU for next gen. gaming

I'm 15, and I've got a limited budget. My current build is
420 WATT 12V power supply
micro ATX MSI 760GM-P23
AMD Phenom II 3.4 GHz
Nvida geforce GTX 650 overlocked edition 2 GB DDR5.
4x2 GB DDR3 Corsair high performance RAM. 8 GB dual channel total.
My budget was 600 bucks and I built my whole machine for around 590 including case, keyboard, ect.
I'm afraid of this new next generation game stuff, and I don't know If or when I should upgrade. I can run skyrim on ultra high at 1440x900 at 60 FPS and Cryengine 3 on high at 1280x720 at 60 FPS. Will I be able to handle next gen. games at at least 30-40 FPS with somewhat toned down graphics?

I'm starting a business building budget desktops for people in my church soon, but I don't get that income for another six months-year or so. I've also heard rumors that next gen. games could run better on PC because they have x86 architecture, but I'm not sure if that's true. Please help! and thanks for your time.
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  1. As near as I can tell, your processor is an AMD Phenom II 965 BE. You should be fine for the near future. Most processors will support x86 and yours is no exception. You have time. Save your money. :)
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