DC,, I dont know the minimum, but I shot some deer and hogs with bows that would shoot a 500 grain arrow around 150 fps,,
I was using about 600 grain arrows out of those bows and they,, did well,, that formula Badger said would put that about 140 fps,, right,,??? for the 600 grain arrow,, so I think you could go slower,, but the only problem,, is even with good aim,, at slower speeds sometime the deer not there when the arrow gets there,, I never killed a deer with anything less than that,, so would just be guessing,, but if the deer would stand there,, im sure a much slower arrow would work,,