Win95 actually run quite good with 4MB RAM. At that time I was using also OS/2 Warp as multitasker for networked Clipper DOS programs (two DOS windows with shared storage on the same desktop emulating two networked DOS machines) and OS/2 although advertised as running with 4MB RAM actually struggled with that amount and needed at least 8MB to be usable, while Win95 run perfectly with 4MB. In the end however I had to put 8MB and use OS2 since its DOS subsystem compatibility was a lot better than the Win95 one, which was very prone to crashes when used to develop networked Clipper software that way.

Edit: minor typo