Fred noted some data concerning speed, gearing and RPM. It is theoretical, as if the vehicle were being driven in a vacuum and with no driveline friction. What isn’t theoretical is if a real world outside force overcame wind resistance friction – like the inertia the vehicle provides when downshifting. As was said before, that can pull the engine into uncontrolled over-rev territory. So, Fred’s numbers for 6,000 RPM (I chose 6,000 as a high practical one might not want to exceed):
1st 2nd 3rd 4th
26.0 44.9 68.3 91.1
1st: Doesn’t really apply as the smart won’t downshift into first unless stopped.
2nd: You can first try to downshift from third to second at 45.
3rd: You can first try to downshift from fourth to third at 68. I can’t imagine why one would want to at that speed anyway.
4th: The smart will barely make 91.
If you are downshifting to give the car a little more temporary hussle, then look to do things that will bring in the lower gear at the engine’s peak torque RPM of 4,500. Again Fred’s numbers for 4,500:
1st 2nd 3rd 4th
19.5 33.7 51.2 68.3
1st: Still doesn’t apply.
2nd: Downshift from third to second at about 34. This if you really need to.
3rd: Downshift from fourth to third at about 50.
4th: Downshift from fifth to fourth at about 68. This might happen at times when merging, passing, or on a hilly highway.
This confirms jonnysan's conclusions. And, a tachometer is your friend.