It's not just women either. The older the father is the more you get risks for certain things like mental illness in the child https://en.wikipedia.org/wiki/Paternal_age_effect
However, men do have a biological clock and that clock is simply that they are proxied to women's clocks. Mick Jagger can get a young girlfriend and have babies in his old age because he is famous with lots of money. The typical man cannot do this and should not plan on being able to do this. The data tells us that if a man reaches 45 without children, it is extremely unlikely that he will ever have kids, even if his sperm tests perfectly in the lab.