Can my pc handle UE4?

Specs:
Operating System
Windows 10 Pro 32-bit
CPU
AMD Athlon 64 X2 4450e
Brisbane 65nm Technology
RAM
3,00GB Single-Channel DDR2 @ 383MHz (5-5-5-18)
Motherboard
Acer RS780HVF (AM2)
Graphics
Philips 220SW (1680x1050@60Hz)
512MB NVIDIA GeForce 9500 GS (Sapphire/PCPartner)
Storage
298GB Western Digital WDC WD3200AAJS-22B4A0 ATA Device (SATA)

No, you need a 64bit operating system. The hardware of your machine is below minimum specs, too.

If you install a 64bit version of Windows you might be able to launch the editor but you’ll be unable to accomplish much.

the two links below list the hardware requirements to work with the engine.