Toytec also now carries a 1" body lift. And no, you wouldn't be able to fit either of those tires without at about 2.5". The 285s will most likely fit on your stock 4runner wheels, whereas the 295's would most likely require a wheel with less backspacing or wheel spacers.
If you are wanting a cheap lift solution just to fit larger tires, check on ebay for a Daystar 4runner lift. They are usually on there for around $160, however if you are also looking for offroad performance then a coil lift such as the OME-3RUN from Toytec would be a better option.
Also, 265/75/r16's would fit with no lift and minimal to no rubbing.