The i3 8100 isn't that bad for gaming purposes. Sure, the i5 will be better, but you'll see more FPS gain by going with a better GPU now. Pickup a CPU the next time you have some money or perhaps even look at getting a used i7.
I had bumped it up to a 750W since that's what was suggested on the RX 5700 page, but yes, a high quality 650W will be fine too like the Seasonic Focus.
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