As I got a little lost in your edited post, I will stick to the old version instead. I hope you do not mind.
We have Achilles running to infinity. He will cover nth meter of his journey in $\frac1{2^n}$ of a second. What is his distance after one second?
Let us think of a second as of a constant amount of time. Let us say that infinity means "regardless of how much quantity you have, you can have more". Then, I assume, we have got infinite amount of "time" and "space".
(Before we go on, we need to distinguish between "time" and "space", variable quantities without physical meaning, and the time and space, objects of physical reality. "Time" and "space" (or distance) are numbers - nothing less, nothing more.)
Because "space" is infinite, regardless how far we are from the start, we can go further. The same applies to time; "however late it is, it can get later".
And Achilles - you, my friend - runs. Let us say you started running when "time" and "distance" were "zero" or "no quantity". Because both "time" and "space" are infinite, you can "go further" and it can "get later". This is true whenever, wherever you are.
And now, you introduced a function that assigns "how long it took you to cover nth meter": $f(n) = \frac1{2^n}$. This function takes the ordinal number of the meter (1st, 2nd etc.) and gives you how much of a "second", that is how much of some constant quantity we have picked above, it took you to cover it.
I will introduce a little different function: $$t(n) = \sum_{k=1}^\infty f(k).$$
This function takes the ordinal number of the meter again and returns how much time it took you to get there.
You would like to know where you are after one second. Well, this question makes no sense. You run so fast (and more importantly, still faster) that you will cover the whole infinite space (any distance from the start) in less than one second. That is not surprising given the setup you chose. The function $t(n)$ I defined is a "map" between natural numbers $(1, 2, 3 \dots)$ and the interval $[0, 1)$ of real numbers. It will never reach one, because at the time one, you would "be in infinity" and that is not possible, because you can go further. And it can be later, too: if it "is time $\frac12 = 0.5$ seconds", it can be time $\frac34 = 0.75$ seconds, then $\frac78=0.875$ and so on and so on.
You see? The time had not stopped, it keeps running. But you chose to run so fast, that the question "what happens at time one" no longer makes sense. Nothing can happen at time one, as at the time one, you would reach infinity.
This is different from the original idea of Zeno. Neither Achilles, nor the poor tortoise were accelerating infinitely.
Mathematically, this means that the range of the function $g(t)$ is $[0, 1)$. The inverse function that tells your distance in meters from the start given the time therefore has the domain of $[0, 1)$. You cannot ask what $g^{-1}(1)$ equals to, as the function is not defined for $x \ge 1$.
Let us define Zeno as the function
\begin{align*}
z(t)=
\begin{cases}
0 & \text{$t \ne 1$,} \\
1 & \text{$t = 1$,}
\end{cases}
\end{align*}
that is Zeno shouts "Time!" at the time one. Your position at the time one is not defined - that is the whole problem - but Zeno still can shout after one second.
Neither "time" nor "space" are limited. But they are variables bound by the rules you chose for them.
Note that you do not need Achilles, Zeno and tortoise to have fun. Look at the function plot of the tangent function. Let the $x$ axis stand for time and the $y$ axis stand for the distance traveled. Where are you at time $\frac\pi2$ seconds? (Tangent is really a funny example: it suggest you will get into negative infinity.)
One final note. By finding function $f$ that maps between natural numbers and the real interval $[0, 1)$, you have actually proved there are not less numbers inside the interval $[0, 1)$ than all the natural numbers (thanks, Alex). Isn't it nice?