Question Will my PSU (550W) be enough for 3070?

Apr 20, 2020
Recently decided to buy the MSI GeForce RTX 3070 GAMING X TRIO 8GB Video Card but I see that it's recommended that I have at least 650W when I currently have the Seasonic G-550 550W 80+ Gold Semi Modular Power Supply. Am I in need of upgrading to a bigger PSU for the addition of the card? I hear things like the 30 series spikes in power so I'm unsure.
Not sure if any of this is needed but I'll provide it in case -

My current build -
- Intel Core i5 9600K Hexa Core LGA 1151 4.60GHz Unlocked CPU Processor
  • MSI MPG Z390 GAMING PLUS LGA 1151 ATX Motherboard
  • Corsair Vengeance LPX 16GB (2x 8GB) DDR4 3600MHz Memory Black
  • Seagate ST2000DM006 2TB BarraCuda 3.5" 7200RPM SATA3 Desktop Hard Drive
  • Samsung 750 EVO 250GB 2.5" SATA SSD MZ-750250BW
  • Seasonic G-550 550W 80+ Gold Semi Modular Power Supply
  • MSI GeForce GTX 1070 Gaming 8GB Video Card
    [*]Samsung 970 EVO 1TB NVMe 1.3 M.2 (2280) 3D V-NAND SSD - MZ-V7E1T0BW
    [*]Corsair Hydro Series H100i PLATINUM RGB 240mm All-in-One Liquid CPU Cooler
    [*]ASUS PCE-AC56 802.11ac Dual-band Wireless-AC1300 PCI-E Adapter
    [*]Case also has 3fans +lights

other -
- BenQ GL2460 24" Full HD 2ms LED Monitor
- Razer BlackWidow Chroma RGB Mechanical Gaming Keyboard
- Razer DeathAdder Chroma RGB Gaming Mouse
- Sennheiser GAME ZERO Noise Blocking PC Gaming Headset - Black
- BenQ ZOWIE XL2411P 24" 144Hz 1ms Gaming Monitor

Thanks in advance.