Stock Rod Limitations?

Looking for a street legal drag car (10 second 1/4) as an end result. Also a college student whose parents are splitting so moneys pretty tight right now. I'm trying to work with what I have at hand right now. I basically am looking for advice on how to save money and still have a rotating assembly that'll put up with 600 hp and 7000 rpm. This is my daily driver at the moment, but I just got a better milage car so I'm getting more serious with the Duster.