Need some help

So far I have the following parts. I will be doing some mild - moderate gaming and probably will overclock. this is my first build so can you rate this and recommend any changes. Also, I don't know how many watts I will need for my PSU. Thanks!

CPU: Intel Core i5-3570K Ivy Bridge

CPU Cooler: ZALMAN CNPS5X Performa 92mm FSB (Fluid Shield Bearing) Powerful Cooling Performance CPU Cooler

Arctic Cooling Arctic MX-4 Thermal Compound $8.99

Motherboard: ASRock Z77 Extreme4 LGA 1155 Intel Z77 HDMI SATA 6Gb/s USB 3.0 ATX Intel Motherboard

RAM: Kingston Technology HyperX 8 GB (2x4 GB Modules) 1600 MHz DDR3 Dual Channel Kit

Graphics: EVGA GeForce GTX 550 Ti FPB 1024 MB GDDR5 PCI Express 2.0 2DVI/Mini-HDMI SLI Ready Graphics Card, 01G-P3-1556-KR

Hard Drive: Seagate Barracuda 7200.11 ST31500341AS 1.5TB

Case: Rosewill REDBONE Black SECC Steel ATX Mid Tower Computer Case

Power: Don't know yet, what wattage do I need?

Optical: None - I have a usb plug in at home.

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More about need help
  1. Budget?
  2. I'm trying to stay under $700. I want to spend about $50 for the PSU
  3. Also! is the mid tower case sufficient or should I go for a full tower?
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