Question Upgrading components for 1070

[LevyLu]

So it's time to upgrade my gaming workhorse 950 to something a bit sexier and I've been looking into the nicely branded 1070s, but I'm struggling to sort out what my current rig can handle and what I might need to upgrade to prevent a total meltdown right now. Sidenote, it's never gonna need to run anything on Ultra/Max...it would just need to run X4: Foundations which the 950 can't.

My current specs are:
Intel Core i5-6500 3.20GHz (Skylake) Socket LGA1151 Processor
Asus H110M-K Intel H110 (Socket 1151) DDR4 Micro ATX
Kolink KL-500 500W '80 Plus Bronze' Power Supply
Team Group Elite 8GB (2x4GB) DDR4 PC4-19200C16 2400MHz
OcUK GeForce GTX 950 2048MB GDDR5
PCI-Express Graphics Card
Aerocool Qs-182 Micro-ATX Chassis

Any ideas? I'd rather not start over. I really want to keep the motherboard and processor at least and upgrade them a bit later. I'll be upping the ram.

 

[R4DIO4CT1VE]

You could put it in and have no issues. Your power supply isn't too good, but your system isn't supper power hungry so not a massive worry.
Check on youtube for people playing the game on a 6500 and 1070 and see if you like the performance.

You could upgrade your PSU for safety
You could upgrade your CPU to a 6700
You could upgrade to 16gb ram
Do you have to do any of these? not necessarily.

 

[LevyLu]

Thanks for the advice! That's a load off, I had horrible nightmares about the whole system going up in flames.

I'm definitely going up to 16gb ram and I was thinking about upgrading the PSU, but at least I don't have invest in a new CPU immediately.