First time builder - will this work?

[threeandhalfstars]

So I recently graduated law school and have gotten some funds to purchase a computer. I was going to wait until after I got a job so I could build a nice gaming desktop, but a dead laptop has forced my hand and I need a new computer now. So, with a $650 budget I decided to see what I could get. I initially thought of buying a pre-build from Cyberpower PC because they were dirt-cheap. However having read some of those horror stories about them I'm thinking now I want to try my hand at building a PC (which I've never done before). So could you guys let me know if this computer would work? Eventually its purpose will be a gaming PC once I have enough money to add in a graphics card and get a better monitor (mine's an old Dell something-or-other from 5+ years ago). Other than that I just want a computer that'll last me a while and be good for general usage.

CPU: Intel i5-3570 ($194.99 - Newegg)
CPU Cooler: Cooler Master Hyper 212+ ($19.99 - Newegg)
Motherboard: Asus P8z77-V LK ATX LGA1155 ($109.99 - Newegg)
Memory: Corsair Vengeance 8GB (2x4GB) ($54.99 - Amazon)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM HD ($65.63 - Amazon)
Case: Cooler Master HAF 912 ATX Mid Tower Case ($49.99 - Newegg)
PSU: Corsair Builder 500W 80 PLUS Bronze Certified ATX12V Power Supply ($47.99 - Microcenter)
Optical Drive: Lite-On iHAS124-04 DVD/CD Writer ($17.99 - Newegg)
OS: Windows 7 64-bit ($90.91 - Amazon)

Total: $652.47
Thanks for the assistance; I appreciate it.

 

[opponentmule2]

I think you're forgetting a GPU.

Those are great parts, but even a GTX 660 will push you another 230$.

And if you get the latest GTX 700s. it'll be 400-600$

 

[threeandhalfstars]

I think you're forgetting a GPU.

Those are great parts, but even a GTX 660 will push you another 230$.

And if you get the latest GTX 700s. it'll be 400-600$

Correct me if I'm wrong, but the i5-3570 has integrated graphics (Intel HD 2500). While not all that useful for gaming it should function until I can afford a GPU as was my original plan.

 

[tiny voices]

Yes the CPU has integrated graphics. It will not play games at even lowest settings, but you will be able to use the computer until you have a GPU.

Also you cannot overclock the 3570 (non K edition).
So drop the CPU cooler and get an h77 board.