Few games can use more than 2-3 threads, so the extra hyperthreads of a i7 are not that useful.
I would back off the i7 and use a i5-6600K.
Then buy the strongest graphics card you feel comfortable paying for.
If you can do a GTX980, fine. If you can manage a gtx980ti that is the absolute best.
Perhaps there are other places to save.
For example liquid cooling is not helpful, nor is fast ram.
What is the rest of your proposed build?