Tim, welcome!
You should have no trouble dumping 60 pounds in five months with that kind of exercise!
What calorie deficit are you shooting for? The 1500 more-or-less level worked pretty well for me. I try for a 40/30/30 carb/protein/fat mix but a bit lower in carbs certainly wouldn't hurt.
At that level and at your weight I'd say you could easily average 3-4 lbs a week loss.
Feel free to join us in the 100+ to lose thread in Diet Tips if you'd like. And don't hesitate to ask if there's anything we can do to help you.
Regards,
Michael
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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.
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