I can't tell you what to do or what not to do. You can only answer that question for yourself. But I can tell you that I lost my virginity at 16 and I wish I had waited. I regret losing it that early. I loved my boyfriend and he was my first love and I thought we would be together for a long time. He broke up with me a month after we had sex. We had planned a future together as well.
Also, are you ready for everything that sex can bring with it like babies or STD's?
Here is some information for you to read over that might help you:
Teen Sex and Teen Sexuality
Sexuality Essentials the Most Important Things Teens Should Know About Sex
If you decide to have sex remember to use protection. Birth control can reduce your risk of contracting STD's or becoming pregnant however nothing is 100% effective. The only thing that is 100% effective is abstaining.