Welcome to FitDay.
Don't despair--what you want to accomplish can be done, and you're in the right place to do it.
My story is very similar to yours, though I left 350 way behind before I decided to do something about it (this time).
I see you've figured out your calorie burn--just stay under that and you'll lose weight. Personally, I like to run a bigger deficeit but you've got to decide what you can live with. This HAS to be a lifestyle change, not a "diet".
Please, read through the subforums--lots of great advice. Also, please consider joining us in the 100+ to Lose thread in the Diet Tips forum--everyone there knows what you're going through. And don't hesitate to ask if you have questions or need advice.
47 M 5'8"
May 4, 2010...... 440? lbs. (Start FitDay Size 60 Jeans)
June 19, 2010.... 393 lbs. (First Weigh-in)
June 19, 2011.... 229 lbs. (164 lbs. gone in one year :-)
Current Weight... 185 lbs. (Size 36 Jeans)
Next Goal 169 lbs. (07/04/12)
Ultimate Goal 165 lbs. (12/31/12)
The best exercises for weight loss are Fork Putdowns and Table Pushaways.