It will fit, however your going to hit the fender flare in front just driving on the road, and even mild off-roading will slam the tire into the steel fender. How about a 1" body or shackle lift? Either one of these will help with the interference.
Click on my signature picture. I run 31x10.5 MTs on my stock suspension and rims. I've removed all the controll arms and had to install longer brake-lines because of the droop I get now (still need longer shocks, but I dont plan on staying in stock form for long!) You dont rub the fenders while on the street, you do rub the flares while off-road, and you will hit the metal fenders if you get seriously twisted up (well, as serious as stock allows) Since you air-down in situations that would get you twisted up, it takes a lot more to make contact than you'd think. I've beaten my Jeep through seriously rutted mudholes, taken it airborn, and crawled through the palmetto bushes around here and my fenders are still hanging on just fine and you can barely tell any contacts been made (at least, tire contact...)