PCPartPicker part list:
http://pcpartpicker.com/p/35OkU
Price breakdown by merchant: http://pcpartpicker.com/p/35OkU/by_merchant/
Benchmarks: http://pcpartpicker.com/p/35OkU/benchmarks/
CPU: Intel Core i5-4670K 3.4GHz Quad-Core Processor ($229.99 @ NCIX US)
CPU Cooler: Corsair H110 94.0 CFM Liquid CPU Cooler ($89.99 @ Newegg)
Motherboard: Gigabyte GA-Z87X-HD3 ATX LGA1150 Motherboard ($129.49 @ Newegg)
Memory: Patriot Viper 3 8GB (2 x 4GB) DDR3-2133 Memory ($94.99 @ Amazon)
Storage: Crucial M500 240GB 2.5" Solid State Disk ($126.99 @ Amazon)
Storage: Western Digital Caviar Blue 1TB 3.5" 7200RPM Internal Hard Drive ($59.94 @ Amazon)
Video Card: Zotac GeForce GTX 780 Ti 3GB Video Card ($689.80 @ Mwave)
Case: Corsair 500R White ATX Mid Tower Case ($89.99 @ Newegg)
Power Supply: SeaSonic G-750 750W 80+ Gold Certified Semi-Modular ATX Power Supply ($79.99 @ Newegg)
Optical Drive: LG GH24NSB0 DVD/CD Writer ($15.99 @ Microcenter)
Operating System: Microsoft Windows 8.1 (OEM) (64-bit) ($89.99 @ NCIX US)
Total: $1697.15
Well under budget. This was set up with gaming in mind. If you plan to do video or photoshop then an i7 would benefit you.