By TARA SIEGEL BERNARD
Karen Arndt, 60, has tinkered with several retirement calculators, and they all generate the same finger-wagging advice: Keep working, they seem to warn. You’re not even close.
She would have saved more had she not quit a well-paying administrative position at 40 to venture out on her own: She opened a shop in an antiques mall and earned her real estate license. But shortly thereafter, she broke two bones in her leg and couldn’t work at either job, forcing her to raid her 401(k).
“Twenty years later, I find myself at about $245,000, which, for a 60-year-old, seems wholly inadequate,” said Ms. Arndt, who is single and lives in Spokane, Wash.