you only need to meet the 1200 - this is my situation - retained it last year for the 120,000 and I will just hit 1200 this year. The "status circle" on my personal Q FF page shows me progressing to renewal at 1200. Was worth it for me for a number of reasons which I think you can find in some of my older posts in this thread.Some temporary changes in my travel patterns so I'm unlikely to earn enough SC to retain WP this year. Considering paying the 120k QFF points to retain instead.
Has anyone taken up this offer before? If so, were you able to 'retain' WP the following year for the standard 1200 SC? or did you need to earn 1400 SC to attain again?