Hi there and may I wish you a warm welcome to TorqueCars, it is a pleasure to meet you.
You'll find us a pretty friendly bunch and I'm sure you'll start to love and enjoy the forums as much as we all do.
Feel free to get involved in our other threads, all opinions are welcome and as they say "the more the merrier"!
To get that sort of power you'll really need to think about forced induction. I have to admire your ambition though!

And I hope you pull it off.
http://www.torquecars.com/forums/f10...-engine-15003/
Cheap turbos can be purchased from breakers yards which are ideal for a try it and see type project.
Please note that I don't think it is worth adding a turbo to an old car with a small capacity engine. There is nothing stopping you but the money and hassle will just not be worth the power gain you get.
Adding a turbo is a major engineering task and without a kit with full instructions and all the parts you need there is a big risk of blowing up the engine. Expect to spend 50 hours upwards on a project of this type. This is not the sort of modification unless you are mechanically competent.
It is worth looking at superchargers as these are easier to install than a turbo is.The best
mods for a car engine are as follows.
Internal work yields the biggest gains, head work like porting polishing and 3 angle valve jobs will maximise the airflow and raise the power.
If you want to go to the max then cryo treat the block, get it rebored and look into blueprinting and balancing as well.
Bigger valves are an obvious addon but not all engines are suitable as it depends how close together the OEM valves are.
A fast road cam will yield good power gains, especially in the top end of the rev range. Don't go mad though a profile of up to 270 degrees will give the best gains without the engine becoming cammy.
The most popular power
mods are induction kits (which are questionable as power
mods but they can sound nice if that is your sort of thing) and sports exhausts with sports catalysts or decats.
To keep the car legal I'd recommend a sports catalyst rather than a decat.
The last mod should always be a remap as this will allow you to fully realise the power gains on offer from your
mods. Turbo cars respond very well to remaps.
It's worth having a read of the articles on
www.torquecars.com/tuning/ for more information on these
mods and what the terms mean.
Keep us up to date with your project as well, we like to see what people are getting up to with their cars.