How common are magnetars? The consequences of magnetic field decay

Ultramagnetized neutron stars, or magnetars, have been invoked to explain several astrophysical phenomena. We examine how the magnetic field of a magnetar will decay over time and how this decay affects the cooling of the object. We find that for sufficiently strong nascent fields, held decay alters significantly the cooling evolution relative to similarly magnetized neutron stars with constant fields. As a result, old magnetars can be expected to be bright in the soft X-ray band. The soft X-ray source RX J0720.4-3125 may well be the nearest such old magnetar.