Is this set up suitable for overclocking?

[iakona]

Planning on buying a
n i5 6500 (non k) and overclocking it to around 4 - 4.2ghz.

Will this motherboard be suitable for that?
http://www.asrock.com/mb/Intel/Z170A-X13.1/

Rest of my system..
Sapphire RX 480 OC+ 8GB
XFX PRO 550w
120gb PNY SSD
500gb WD HDD
8gb DDR4 Corsair Vengeance (2666)
Coolermaster 212 evo
Any potential issues there? i.e PSU?

 

[iakona]

Thanks guy! Yeah i've had a think about it and decided to up my budget a little so i can get an i5 6600k and a better motherboard.

i5 6600k
ASUS Z170-P
8GB GSkill Ripjaws DDR4 2666 (was £3 more compared to the 2133)

Ordered and it's on it's way!

550w XFX Pro definitely good enough for this? I know next to nothing about PSU's

 

[iakona]

Sweet, thank you. Ill eventually replace it when i look at another 480 for crossfire. (When the price drops)

Managed to get a good deal on the components. Just need the 480 to turn up now which doesnt look like itll be anytime soon!