I'm not qualified to comment on Cam's math, but Evan Miller's tools [1] are my go-to source for calculating sample sizes and significance. How does this differ? (If it does.)
The real (and all to common to run into ) problem isn't having 100x the samples you really need, it is having 1/10 the samples you really need... And not knowing that.
http://www.evanmiller.org/ab-testing/sample-size.html