You have to define your use cases. If your intention is to play a record from your collection from time to time for the sake of nostalgia, and the records you have are all somewhat the worse for wear from having survived the years, then there's not much point in building an expensive capability unless you simply want to. I agree with others that an entry-level table is fine, and the VM95 is probably about as good a cartridge as exists at moderately low price points.
The alternative is a used Technics direct-drive turntable from three or four decades ago, with the same new cartridge. A Grado cartridge is also not a terrible choice at a lower price point. It's not that hard to get that setup going for well under $500, but doing noticeably better will require somewhat of a jump in cash outlay. My current rig is a Thorens TD-166II (the cheapest model back in the 70's of a high-quality brand), carefully restored (by me) and with an Audio Technica AT440MLa cartridge (which is a bit bright, reportedly, which I can fix with EQ if I could hear stuff that high, which I can't). With the nicer dust cover that I bought, the corrections I made to previous owner mistakes, and with quite a bit of mechanical ability to restore it and set it up properly, I'm able to get very good results for maybe $800 all in. From that point, prices increase exponentially relative to outcomes.
That gives you four potential levels of investment: What you have with a good cartridge, a better used table with a good cartridge, a high-quality used table bought cheaply--which means a lot of restoration effort--with a good cartridge, or higher-end well beyond your budget.
Speaking of budget, in 1976 I bought a Technics turntable with a serviceable cartridge for about a hundred dollars. It was their cheapest model, but was still decent compared to the "record players" that many teenagers owned at that time. If the inflation calculator I just googled is anywhere near correct, that $100 turntable in 1976 would be priced at over $480 now to command the same purchasing power from a buyer. But remember that turntables of the 70's were mass-production items, because vinyl was the only affordable way to listen to commercially produced music with good quality. And that was during a time when listening to music was done at home, not using fancy earbuds attached to a cell phone. So, there was a boom in sales during that era that meant a lot of marketplace competition and younger buyers with fewer resources.
Nowadays, buyers are generally older and with greater means, and those buying vinyl playback equipment comprise a niche market of much smaller dimensions. Prices are therefore higher, no matter what production costs might be. Cost and price are unconnected, with the sole exception that the price has to be higher than the cost to make it a going business proposition for the manufacturer. Price is driven by the market, and the market is willing to pay more, in general. That makes the availability of units like the AT120 a blessing, to be honest.
Rick "the great is the enemy of the good" Denney