You don’t need to update anything, I have installed many without problems, I don’t remember AOE2, tomorrow I will test.
That’s a classic copy protection error or when the CD path is lost. The first CD games were very sensitive to paths.
If it’s copy protection, you can imagine the answer, if it’s the path, it’s probably because of the way you installed it.
How do you do the installation? If you start Windows first and then load the disk image, that’s the problem.
The correct way is to create a .zip with the game and load it from load content, select the emulator and Windows in the menu (obviously), you can activate the option to start automatically. DosBoxPure creates a virtual hard disk ‘D:’ exclusive for the game .zip you just opened, there you do the installation. Many files will be created inside RetroArch, now, every time you want to start the game, you load the .zip, as a normal rom.
These games in .zip format can also be used to make playlists, with thumbnails