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.

If you are looking to diversify your portfolio, consider

MassMutual Premier Disciplined Growth Service Class

(DEIGX Quick QuoteDEIGX - Free Report) . DEIGX is a part of the Large Cap Growth mutual fund category, which invest in many large U.S. companies that are expected to grow much faster compared to other large-cap stocks. This fund is a winner, boasting an expense ratio of 0.79%, management fee of 0.45%, and a five-year annualized return track record of 17.19%.

Fidelity Dividend Growth Fund K

(FDGKX Quick QuoteFDGKX - Free Report) : 0.65% expense ratio and 0.43% management fee. FDGKX 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. With yearly returns of 12.75% over the last five years, FDGKX is an effectively diversified fund with a long reputation of solidly positive performance.

TIAA-CREF Large Cap Value Premier

(TRCPX Quick QuoteTRCPX - Free Report) : 0.56% expense ratio and 0.4% management fee. TRCPX 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. With a five-year annual return of 10.74%, this fund is a well-diversified fund with a long track record of success.

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.