I wish that the financial planners would standardize the way they refer to money values in the future.  It is difficult to relate to an amount 25 years in the future.  The adviser himself also made a big error in his calculation.  It is a lot better to use today's values, even though the amounts will be higher in future.

Second, I would question the need for 120K after tax income assuming their mortgage is paid off.  Our monthly living costs, including depreciation on two newish vehicles, are $4,000 and we live very well.  We have a separate travel budget which is big enough to make a couple of long distance trips each year and several within Canada. We have never spent more than 100K per year.