hand question

[samdar]

i keep kicking myself for calling this and I am unsure i made the right call:

2 dollar frenzy on poker room
11 people left so my table is 5 people
I have 267k in chips which puts me 7th leader is 1.3M

11th pays 40
10th pays 60
big jumps are at 5-4-3-2-1 so really playing to get there
first is 1280 seond is 699

folds around to me on the button with Q10s
SB ~250k chips
BB 217 after paying the bb

I raise to 80k to try and pick up the blinds. everyone has been playing tight.
sb folds
bb raises all in

As i figure it that is 297 in the pot so only 137 for me to call and i get 2-1 pot odds so i call. I figure I win I have a shot at hitting good money if I fold and blinds are big and i don't have much of a chance of moving up to good money. what would you do or should have have folded and waited?