I think I'd go ahead and install that card and run it while your saving your pennies. If your computer continues to run without any problems with the card installed, I believe you'd be safe in concluding you do not need to upgrade your PS.
I just upgraded my PS from 250 Watts to 400 Watts but I used that 250Watt PS since Sept 2002, going through upgrades of processor, motherboard, RAM, video, and more. My system's current configuration:
Athlon XP 2200
512MB PC2100
80GB IDE hard drive, 8MB cache
CD-RW
DVD-ROM
nVidia GeForce4 Ti4200 w/64MB in AGP slot
nVidia GeForce2 MX400 w/64MB in PCI slot (for second monitor)
2 - 17inch CRT monitors
Sound card, Chaintech AV512 (Cmedia 8738-6ch)
BOKA-1050 speakers (3 piece set)
Also have an external hard drive (HD in external enclosure)
1.44MB floppy drive
On 8/28/05, I used The Power Supply Calculator and it indicated my system needs 251 Watts. But, as you said, this would be true only if all components were being tasked simultaneously, and that is not likely to occur.