Take it from me, if you do this you will be sorry.
I did this. You will think you are making amazing progress up until you run out of muscle for your body to consume and get slapped in the face by a brick wall of reality.
It will feel great up until you hit that wall then you will be bagged all the time for energy and wonder why you are getting less fit instead of more fit as you get lighter.
You will dehydrate yourself and strip your body of lean muscle mass leaving you with a false sense of what you really weigh.
I was your exact weight when I started 340 pounds. I lost 180 pounds in 12 months, I got down as low as what I thought was 155 pounds but you know what? I looked terrible, flabby in the mid section and skeletal in the upper body, very frail and weak and cold all the time as well. I've since learned that I was probably dehydrated as hell too from going way too low in calories for so long so the weight I thought I was wasn't even real, I was just extra low on glycogen and body fluids. If you think you are going to shed that weight at that rate and come out looking like Ryan Reynolds in 12 months I have bad news...
There are no shortcuts. Take your time, do resistance training, lose maximum 2 pounds per week, and really 2 pounds per week is even pushing it for losing a lot of muscle mass. I did it the wrong way and now It's going to take me another year to put muscle back on again, like I say, there are no shortcuts. I wanted fast fast fast just like you do and didn't listen, but trust me it can be a bag of hurt.
I also developed an eating disorder bordering on bulimic behavior that I am still recovering from because of this behavior. The rapid swings in weight due to water weight loss and dehydrating myself, combined with weighing myself every day led to me becoming absolutely phobic of any weight gain. This is not healthy mentally or physically take my word on that. Really amazingly disturbing things start to happen to your mind when you lowball your calories that hard for too long. All the positivity, self esteem, and insight I had gained while losing weight got replaced by doubt depression and feelings of complete madness once I threw myself into a binge and restriction cycle. Every three to four days I would get cravings so hard I would literally feel as though I was going crazy. It got so bad at the worst of it that I started freaking out, panicking, screaming and yelling, feeling suicidal because I thought I was losing everything I worked for and the harder I tried to hold onto it by lowballing my calories the worse it got.
Yes I am making progress in reversing that now thanks to an article I found by a personal trainer, and the very generous support of that same trainer who I emailed to thank for having wrote the article that helped me start turning it around again.
I have a philosophy that staying overweight is about lying to yourself, at least it was for me. Take care however, that in your weight loss journey you don't start lying to yourself in a different way again. I did this by believing I could bang off 20 pounds a month and everything was going to be flawless when I hit 180. 180 came and went, 160 came and went, and the flab and loose skin remained. Granted I am still far better off than being morbidly obese, but in hindsight I really wish I had listened, you will too if you don't.
(EDIT) As I read over this I realize I make it sound pretty grave and dramatic, and I also realize that I am an obsessive compulsive person, (It's why I chose the forum name OCD afterall.) So your results may vary compared to mine. I concede that many people may have lost weight this fast and not ended up with a situation like mine, my own situation being clearly exacerbated by my own compulsive nature at every turn, still... save yourself future trouble and do it right.