1) Think current instead of voltage. The LED operates at a relatively constant voltage which is small compared to the incoming voltage. It wants to be fed by current; not voltage. How much current do you want? Maybe 10 - 20 mA?? Well OK 15 mA...read below:
2) Thinking that way; use a simulator!! LTSpice would work, or I could even simulate it with Excel if I wanted to spend the time. Use the simulator to determine how much current you get through the LED, depending upon input voltage and series resistance.
3) I think that the zener D3 will do no good and may well interfere with circuit operation.
4) Finally...it may be better to use only one dropping resistor in series with the LED. Use a capacitor at C2 that is rated at 200 or 250 VDC. You might be able to use a 1 uF film type for example. If you do this than you would need one series resistor of about 10K or 12K. But this needs to be (conservative) a 10W rated resistor. Best to use a step down transformer or low voltage power supply to drive the LED. Did you throw away that power adapter from your old cordless phone?