Retro Console Emulator

I’d like to get a retro console emulator running that could preferably play up to n64 and ps1 titles.

I have a wii, xbox 360, xbox one, nes classic, that I could sacrifice to this cause, or I could go an rpi route (if you don’t think I’ll have n64/ps1 issues), Or I could do something like @Riggi but a little less expensive?

What would you guys recommend? I don’t want to break the bank, maybe spend ~$200