with 3 12v rails and each have 40A on them
Well that's obviously wrong. 120A * 12V = 1440W. Is this a 1.5kW PSU, or a 550W like you said? If they combine for 40A, that comes out to 480W which is possible for a 550W PSU.
As mentioned it's going to depend on your 660TIs. Most of them came with needing a single 6Pin plug. This makes them a ~150W card. Two of them would need ~300W, and then you'll need anywhere from 100-175W more depending on your system and CPU. Total draw would be anywhere from 400 to nearly 600W. So it's either very possible or not at all possible depending on your System/CPU.