Savage should have a realistic shot at winning the whole damn thing, and here is why:
If he gets to the KOTR stage, he has been there, done that. He wrestled 4 men in one night, on the biggest stage in the world, and became the WWF Champion. Savage has the technical proficiency to wrestle any technical wrestler in the world, the mean streak to brawl, the speed to go against smaller wrestlers, the strength to go against bigger ones. Randy Savage is probably the most well-rounded wrestler in this tournament. He can be the face, he can be the heel, he can be the underdog, he can be the bully. He will wrestle you, and he will fight you. Is he the biggest wrestler? No. But, when you can do everything Savage can do, you don't need to be. It really doesn't matter who his opponents are, Savage is capable of wrestling just about any style, and make it look completely natural to him. His mastery of the ring would allow him to be successful against any wrestler from any era.