A Technics SA-500, JVC QL-A2 turntable with Audio Technica cartridge, and 3D Acoustics sub/sat which was one of the first affordable sub/sat systems and had a very good review in Stereo Review. Speakers were $400. Receiver was about $275. I don't remember what the turntable cost, but I think the cartridge was about $50. Later I upgraded it to a $250 Shure V-15 Type V, but soon thereafter replaced the turntable with an NAD.
I wouldn't think it would take more than a $400 pair of powered studio monitors and an $8 DAC hooked to my phone to blow it away now.