Do you know how long it takes to RESTORE each database from a FULL backup? Does your run book include critical configuration options like Instant File Initialization or backup compression that can impact how long it takes to restore a database? Does the database have an excessively large transaction log file that will require zero initialization upon creation if the existing database files are not there? Does the database use transparent database encryption (TDE) which will prevent it from being able to instant initialize the size of the data files for the database?
Until you test your RESTORE time for a FULL backup, you don’t know if you can meet your RTO utilizing backups or not, and you may need one of the previously mentioned HA/DR features in SQL Server. However, in an absolute worst case scenario where recovery can only occur from backups, it is still important to know how long each step of the process is going to take so that you can set expectations appropriately. Your minimum recovery time is going to at least be the time required to restore the most recent FULL backup.
Click through for a lot of great advice in this vein.