No you don't, with an H110 mobo you will not be able to overclock so the PCPartPicker wattage is close. You could get easily get away with a 450W PSU.
FYI, not sure what you are using this build for but it seems very out of whack. You have an older version of an overclocking i7 matched with H110 mobo and a low power GPU. If this build is for gaming then I would reconsider some of the build choices.
PCPartPicker part list:
https://pcpartpicker.com/list/Z4TGNN
Price breakdown by merchant: https://pcpartpicker.com/list/Z4TGNN/by_merchant/
CPU: Intel Core i5-7600K 3.8GHz Quad-Core Processor ($233.79 @ SuperBiiz)
CPU Cooler: Cooler Master Hyper 212 EVO 82.9 CFM Sleeve Bearing CPU Cooler ($29.99 @ Newegg)
Motherboard: ASRock Fatal1ty Z270 Gaming K4 ATX LGA1151 Motherboard ($138.99 @ SuperBiiz)
Memory: Corsair Vengeance LPX 16GB (2 x 8GB) DDR4-3000 Memory ($109.99 @ Newegg)
Storage: ADATA Premier SP550 240GB M.2-2280 Solid State Drive ($69.99 @ Newegg)
Storage: Hitachi Ultrastar 7K3000 2TB 3.5" 7200RPM Internal Hard Drive ($61.39 @ Amazon)
Video Card: Sapphire Radeon RX 480 8GB NITRO+ Video Card ($234.98 @ Newegg)
Case: Cooler Master HAF XB EVO ATX Desktop Case ($94.04 @ Jet)
Power Supply: SeaSonic 650W 80+ Gold Certified Semi-Modular ATX Power Supply ($77.99 @ SuperBiiz)
Total: $1051.15
Prices include shipping, taxes, and discounts when available
Generated by PCPartPicker 2017-03-22 07:10 EDT-0400