Assuming your computer is relatively new and already has an existing Windows OS on there, you will probably run into difficulties having both on there. Running 95 on a modern computer (with no driver support) will give you a bare minimum system that does virtually nothing (sound, video, internet, media, etc) a computer usually does. You may even lose the ability to use your keyboard and mouse (assuming they are USB based and you have one of the versions of 95 not updated to use USB) as a side effect.
There are other issues with 95 regarding processor speed (requiring hacks) and memory limitations that 95 was never intended to address. You'd basically end up ruining a newer computer with an older OS to run one program.
As PhilFrisbie said, a virtual machine would alleviate a lot of the issues (since you can control the emulated hardware to a certain degree and limit the memory), but you still may have some issues regarding CPU speed.
I would recommend getting a $25 pawnshop computer and just using it as a dedicated 95 machine if you can find one old enough. I'd even recommend trying something like BOCHS or DOSBOX. Hope this helps.