Welcome to the forum, Wally.
The answer to your question depends on the calories that you're taking in from food and drink.
Your resting metabolic rate (RMR) at your current weight is around 2,800 calories. If you expend an average of 300 calories a day, that would come to 3,100 calories a day to maintain your existing weight.
I'm not sure, but it appears that you want to lose 50 lbs., and get down to 220. Your big challenge will be to do that without losing your lean muscle mass. The best way to do that is to shoot for an average daily deficit of between 500 and 100 calories. A deficit of 500 calories will cause you to lose an average of 1 lb. a week (7 x 500 = 3500 calories); a deficit of 1,000 calories will cause you to lose 2 lbs. a week.
Many people think, "gee if I cut 1,000 calories a day to lose 8 lbs. a month, why not just eat 1,000 calories a day and lose 16 or 20 lbs. a month. This is a very bad idea. You will screw up your metabolism, and you will cut deeply into your lean muscle mass. The end result will be that you'll get to your target weight (maybe) but still retain a high percentage of body fat.
300 calories a day sounds like about 20 to 30 minutes in the gym. That's a great start. Are you doing weight training, too? If not, I would highly recommend weight training at least a couple of times a week.
You may want to start a log/diary, too, so that others can comment on your plan, and it will help you hold yourself accountable.