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 easiest way to judge a mutual fund's quality over time is by analyzing its performance, diversification, and fees. Using the Zacks Mutual Fund Rank of over 19,000 mutual funds, we've identified three outstanding mutual funds that are ideally suited to help long-term investors pursue and achieve their retirement investing goals.

Let's break down some of the mutual funds with the top Zacks Mutual Fund Rank and the lowest fees.

T. Rowe Price Blue Chip Growth Fund (TRBCX Quick QuoteTRBCX - Free Report) has a 0.7% expense ratio and 0.55% management fee. TRBCX is a Large Cap Growth option; these mutual funds purchase stakes in numerous large U.S. companies that are expected to develop and grow at a faster rate than other large-cap stocks. With yearly returns of 13.16% over the last five years, this fund clearly wins.

Thrivent Large Cap Value Fund S (TLVIX Quick QuoteTLVIX - Free Report) . Expense ratio: 0.56%. Management fee: 0.45%. TLVIX is a Large Cap Value mutual fund, which invests in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. This fund has managed to produce a robust 12.77% over the last five years.

John Hancock Discipline Value Mid Cap R6 (JVMRX Quick QuoteJVMRX - Free Report) : 0.75% expense ratio and 0.71% management fee. JVMRX is a Mid Cap Value mutual fund, which targets medium-sized companies with a market cap between $2 billion and $10 billion. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 12.88% 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.