That's a ~2008–2010 budget rig. You'll run pre-2010 titles at Low/Medium 720p and many indie games. Modern AAA is impossible.
PCSX2 (PS2), Dolphin (GC/Wii), RPCS3 (light PS3), PPSSPP, Citra (3DS) — all run well on this CPU/GPU.
Upgrade path: Core 2 Quad Q9650 + GT 1030 / RX 550 = 1080p Low/Med modern indie/AA.