GTX 970 and I5-2500K

I want to buy a system with these parts:
i5-2500k
GTX 970
8gb Ram
Some basic motherboard
1Tb Drive
A 700W power supply
A basic case.
I'm on a budget,so i chose these parts because they are cheap(about 500$)
I have some questions:Will there be any bottlenecks?How will this system perform?How many years will this still be good for gaming? etc.
I will play games like GTA V and BF1 on it.
Reply to tudoralex2004
2 answers Last reply
More about gtx 970 2500k
  1. tell him 300 dollars or he can look futher.

    no way hes gonna sell it, to anyone
    Reply to superninja12
  2. Quality PSU? But $300 seems probably alright not knowing the specifics. It'll crush 1080p gaming.
    Reply to envy14tpe
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