http://pcpartpicker.com/p/GQLPdC
Would drop the CPU from an i7 to the i5-4690k, and downgrade to 8 GB of RAM as that can be downgraded down the road as prices fall. I added a 256 GB SSD, but this can go down to a 120 GB model if the funds are super tight as you have a mechanical hard drive for storage as well.
CPU
Intel Core i5-4690K 3.5GHz Quad-Core Processor
$219.99 Buy
CPU Cooler
Noctua NH-D14 65.0 CFM CPU Cooler
$69.88 Buy
Motherboard
Gigabyte GA-H97-D3H ATX LGA1150 Motherboard
$81.00 Buy
Memory
Crucial Ballistix Sport 8GB (2 x 4GB) DDR3-1600 Memory
$54.99 Buy
Storage
Crucial MX100 256GB 2.5" Solid State Drive
$98.99 Buy
Seagate Barracuda 2TB 3.5" 7200RPM Internal Hard Drive
$64.80 Buy
Video Card
Sapphire Radeon R9 270X 4GB Dual-X Video Card
$168.99 Buy
Case
Cooler Master HAF 912 ATX Mid Tower Case
$47.70 Buy
Power Supply
XFX TS 550W 80+ Gold Certified ATX Power Supply
$74.99 Buy
Optical Drive
Asus DRW-24B1ST/BLK/B/AS DVD/CD Writer
$16.98 Buy
Operating System
Microsoft Windows 8.1 Pro (OEM) (64-bit)
$124.89 Buy
Total: $1023.20