It is never too late to invest in mutual funds for retirement. As such, if you plan to invest in some of the best funds, the Zacks Mutual Fund Rank can provide you with valuable guidance.

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.

State Farm Growth Fund (STFGX): 0.12% expense ratio and 0.1% management fee. STFGX is classified as a Large Cap Blend fund. More often than not, Large Cap Blend mutual funds invest in companies with a market cap of over $10 billion. Buying stakes in bigger companies offer these funds more stability, and are well-suited for investors with a "buy and hold" mindset. With annual returns of 13.61% over the last five years, this fund is a winner.

Goldman Sachs International Equity Insights I (GCIIX Quick QuoteGCIIX - Free Report) : 0.79% expense ratio and 0.75% management fee. GCIIX is a Non US - Equity fund. Many of these funds like to allocate across emerging and developed markets, and will often focus on all cap levels. With yearly returns of 11.51% over the last five years, GCIIX is an effectively diversified fund with a long reputation of solidly positive performance.

Hartford Real Asset Y (HRLYX). Expense ratio: 0.9%. Management fee: 0.8%. Five year annual return: 9.22%. HRLYX is a Global - Equity mutual fund. These funds invest in large markets like the U.S., Europe, and Japan, and operate with very few geographical limitations

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.