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 learn about some of Zacks' highest ranked mutual funds with low fees you may want to consider.

Goldman Sachs International Equity Insights Service Class (GCISX Quick QuoteGCISX - Free Report) has a 1.31% expense ratio and 0.78% management fee. GCISX is a part of the Non US - Equity fund category, many of which will focus across all cap levels, and will typically allocate their investments between emerging and developed markets. With yearly returns of 10.94% over the last five years, this fund clearly wins.

JPMorgan US Value C (VGICX) is a stand out amongst its peers. VGICX is a Large Cap Value fund. These funds invest in stocks with a market cap of $10 billion of more, but whose share prices do not reflect their intrinsic value. With five-year annualized performance of 11.36%, expense ratio of 1.44% and management fee of 0.4%, this diversified fund is an attractive buy with a strong history of performance.

Carillon Clarivest Capital Appr A (HRCPX): 1% expense ratio and 0.5% management fee. HRCPX is a Large Cap Growth mutual fund, and these funds invest in many large U.S. firms that are projected to grow at a faster rate than their large-cap peers. The fund is mainly invested in equities, has a long reputation of salutary performance, and has yearly returns of 16.59% over the last five years.

These examples highlight the fact that there are some astonishingly good mutual funds out there. If your advisor has you in the good ones, bravo! If not, you may need to have a talk.