i5 4690K
The K indicates the processor can be overclocked by changing a motherboard setting called the multiplier . You need a mb with a Z97 or 87 chipset as well .
i5 4690
Same processor , but set up to make overclocking very difficult , or impossible
PCPartPicker part list:
http://pcpartpicker.com/p/zM77Mp
Price breakdown by merchant: http://pcpartpicker.com/p/zM77Mp/by_merchant/
CPU: Intel Core i5-4690 3.5GHz Quad-Core Processor ($188.00 @ Amazon)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($28.66 @ Amazon)
Motherboard: ASRock Fatal1ty H97 Performance ATX LGA1150 Motherboard ($105.98 @ SuperBiiz)
Memory: G.Skill Ripjaws X Series 8GB (2 x 4GB) DDR3-1600 Memory ($79.99 @ Newegg)
Storage: Crucial M550 128GB 2.5" Solid State Drive ($87.99 @ NCIX US)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($56.98 @ OutletPC)
Case: Corsair 750D ATX Full Tower Case ($129.99 @ Micro Center)
Power Supply: Silverstone 500W 80+ Gold Certified ATX Power Supply ($84.98 @ SuperBiiz)
Optical Drive: Samsung SH-224BB DVD/CD Writer ($22.04 @ Amazon)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($102.98 @ Newegg)
Wireless Network Adapter: Asus PCE-N53 802.11a/b/g/n PCI-Express x1 Wi-Fi Adapter ($35.99 @ Newegg)
Total: $909.58
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2014-09-22 18:52 EDT-0400
Same powerful processor , but no overclocking potential .
The mb has all the same features as a Z97 but no option to overclock . I color matched to your RAM just so it looks good .
The SSD is a memory chip based hard drive . MUCH faster boot and loading times if you install windows on a drive like this . I cold boot in 11 seconds.
Same hard drive for storing big data files .
I dropped the graphics card . There are graphics built in to the processor that are capable of everything except gaming and would save some power .
I dropped the sound card . Motherboards include sound chips that are better than the speakers you have ... unless you spend $500 on speakers , that is .
The power supply is a lower wattage , cheaper and more efficient . But plenty powerful enough even if you decide to add a gaming graphics card later on .
The case is personal choice , but as I said earlier its very large . Much larger than you would be used to seeing in shops that sell computers . I suggest you get a measuring tape and try and visualize that aspect . It is a great case though .
Mid tower alternatives might include
http://pcpartpicker.com/part/thermaltake-case-cc9011024ww
http://pcpartpicker.com/part/corsair-case-cc9011042ww