Investing in mutual funds for retirement is never too late. And the Zacks Mutual Fund Rank can be an excellent tool for investors looking to invest in the best funds.

The best way to shortlist great mutual funds is to ensure solid performance, diversification, and low fees. Some are better than others, but utilizing the Zacks Mutual Fund Rank, we have identified three mutual funds that could be solid additions to one's retirement portfolio.

Let's take a look at some of our top-ranked mutual funds with the lowest fees.

JPMorgan Intrepid Advantage I (JIISX Quick QuoteJIISX - Free Report) : 0.39% expense ratio and 0.3% management fee. JIISX is part of the Large Cap Blend section, and these mutual funds most often invest in firms with a market capitalization of $10 billion or more. By investing in bigger companies, these funds offer more stability, and are often well-suited for investors with a "buy and hold" mindset. JIISX has achieved five-year annual returns of an astounding 14.71%.

T. Rowe Price Mid-Cap Value I (TRMIX Quick QuoteTRMIX - Free Report) is a stand out amongst its peers. TRMIX is a Mid Cap Value mutual fund, which targets medium-sized companies with a market cap between $2 billion and $10 billion. With five-year annualized performance of 13.5%, expense ratio of 0.67% and management fee of 0.64%, this diversified fund is an attractive buy with a strong history of performance.

Westwood Large Cap Value Fund I (WHGLX Quick QuoteWHGLX - Free Report) : 0.64% expense ratio and 0.5% management fee. WHGLX is a part of the Large Cap Value category, and invests in equities with a market capitalization of $10 billion or more, but whose share prices do not reflect their intrinsic value. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 10.14% over the last five years.

There you have it. If your financial advisor had you put your money into any of our top-ranked funds, then they've got you covered. If not, you may need to talk.