This isn't a question of whether or not your graphics card can handle your processor, it's kind of the other way around. Your processor can keep up pretty well with literally any graphics card, a 4690k with a Titan X is a stretch, but still wouldn't necessarily be a bad pairing. Or on the other end, you could run it with a GT 610, and while it would still run, you would get terrible performance because of the graphics card.
Overall, If you run it with the 1050, the 1050 will be the limiter on what you can play, and at what settings and frame rates. It is a good pairing overall, and the two components will definitely work well together, but if you can afford a better GPU, then get one.