Looking to UPdate my CPU Soon

Looking to get a new CPU soon in like 2 weeks.I am looking to add this --->>>AMD Phenom II X4 965 Black Edition Deneb 3.4GHz Socket AM3 125W Quad-Core Processor Here is the link--->>http://www.newegg.com/Product/Product.aspx?Item=N82E16819103727

I need to know if my Power supply will be able to handle it.
I will give info on build.

Operating System
Microsoft Windows XP Professional x64 Edition 64-bit SP2
CPU
AMD Athlon II X2 260 62 °F
Regor 45nm Technology
RAM
8.00 GB Dual-Channel DDR3 @ 661MHz (9-9-9-24)
Motherboard
MSI 870A-G54 (MS-7599) (CPU1) 79 °F
Graphics
Default Monitor (1280x1024@60Hz)
Default Monitor (1280x1024@60Hz)
1023MB GeForce GTX 550 Ti (EVGA) 97 °F
Hard Drives
149GB Seagate ST3160316AS (SATA) 72 °F
75GB Western Digital WDC WD800AAJS-00WAA0 (SATA) 74 °F
Optical Drives
ATAPI iHAP322 9
Audio
NVIDIA High Definition Audio

I just got a newer PSU in the last month the other one was about to fail here is what i have--->>>LOGISYS Computer PS550ABK 550Watts ATX12V Power Supply With SATA and 20/24 Pin connectors.
Link--->>>http://www.newegg.com/Product/Product.aspx?Item=N82E16817170010