Rob is correct. You can do the math yourself, but you need to choose a voltage.
Town & Country Hobbies has what you need- ready to go, base and all. Get 18v warm white. They light at lower voltages. Just a higher max tolerance.
The engine will like the extra power returned to it.
One issue I had with the LED bulb replacements was the directionality of the light. They are bright, but not necessarily in the direction you need in certain passenger cars for example. If you think about it, an incandescent bulb radiates light in a solid hemisphere, 180 degrees around. The LED bulbs don't. It depends on the application. I found the strips of LEDs like GRJ recommends thru Henning's to work much better for even illumination in passenger cars. Kind of like streamlighting.
This discussion began with a question about replacing the headlight of post war Lionel engines, specifically. A narrow angle bulb will work well. But due to the wide angle focus of readers, it's a new discussion.
Now ,the OP does want to reduce the power usage of the entire train.
Rob and I specifically addressed the first question.