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Grandmasters decline with age. That's a given. There is nothing special about the age of 40, but age eventually takes its toll. That much is clear. Beyond that it's about how long you can put off the effects and compensate for them. Mistakes will crop in but you try to compensate for them with experience and hard work.

"Vishy Anand: 'I found Bobby Fischer surprisingly normal and calm'". Interview with Sean Ingle, www.theguardian.com. December 1, 2011.
Grandmasters decline with age. That's a given. There is nothing special about the age of 40, but age eventually takes its toll. That much is clear. Beyond that it's about how long you can put off the effects and