RookieOfTheYear :
What graphics card do you have? I would say 700W is overkill.
I would suggest this one instead.
http://pcpartpicker.com/part/corsair-power-supply-cx600m
The CX series uses cheap secondary capacitors which degrade over time and even faster when they run hot. I have used 5 CX series psus 4 out of 5 failed around the 1 yr mark and I replaced the 5th before it could fail.