As jas340 said.
To give you an example: I am using a 6700K @ 4.7 GHz and a GTX970 also overclocked quite a bit. Peak power draw is 320W with Furmark and Prime95 running. You will never reach that kind of power draw in a game.
So you see, even a 550W PSU is pretty much overkill, especially since Pascal will use 14 or 16 nm, which will decrease power consumption quite a bit from the 28 nm GPUs we have today.