No Single Graphics card / CPU combo you are likely to get will draw anywhere near 700 watts, and dual cards are problematic enough to be avaoided for most users.
Also if you do ever draw near 700W the ratings for each voltage rail need to be considered. '
Input your current specs here
http://outervision.com/power-supply-calculator and see what it recommends, then try again with your intended upgrade parts. You may be surprised how low it is.
My i7 6700K & GTX980 combo happily ran off a 550W PSU for some months, only upgraded because I had a better one available for nothing.
Another thing you can do is invest in a watt meter and measure usage at the wall plug - trouble is then you have to try and factor in efficiency to find out actual power use.