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    <isConfidential>false</isConfidential>
    <filerInfo>

      <filer>
        <issuerCredentials>
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          <ccc>XXXXXXXX</ccc>
        </issuerCredentials>
      </filer>


      <seriesClassInfo>
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        <classId>C000166218</classId>
        <classId>C000201977</classId>
        <classId>C000166217</classId>
        <classId>C000166219</classId>
      </seriesClassInfo>


    </filerInfo>
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      <regFileNumber>811-07332</regFileNumber>
      <regCik>0000893818</regCik>
      <regLei>5493008LW2651I1QB503</regLei>
      <regStreet1>100 Bellevue Parkway</regStreet1>
      <regCity>Wilmington</regCity>
      <regStateConditional regCountry="US" regState="US-DE"/>
      <regZipOrPostalCode>19809</regZipOrPostalCode>
      <regPhone>800-441-7762</regPhone>
      <seriesName>BlackRock LifePath Index 2060 Fund</seriesName>
      <seriesId>S000052849</seriesId>
      <seriesLei>549300UP7S886QPMJ321</seriesLei>
      <repPdEnd>2025-12-31</repPdEnd>
      <repPdDate>2025-09-30</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
    <fundInfo>
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      <totLiabs>12646745.88</totLiabs>
      <netAssets>4783530611.96</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
      <amtPayOneYrOther>0.00000000</amtPayOneYrOther>
      <amtPayAftOneYrBanksBorr>0.00000000</amtPayAftOneYrBanksBorr>
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      <amtPayAftOneYrOther>0.00000000</amtPayAftOneYrOther>
      <delayDeliv>0.00000000</delayDeliv>
      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
      <cshNotRptdInCorD>0.00000000</cshNotRptdInCorD>
      <borrowers>
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      </borrowers>
      <isNonCashCollateral>N</isNonCashCollateral>
      <returnInfo>
        <monthlyTotReturns>
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          <monthlyTotReturn classId="C000201977" rtn1="0.94000000" rtn2="3.03000000" rtn3="3.35000000"/>
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          <monthlyTotReturn classId="C000166219" rtn1="0.98000000" rtn2="3.05000000" rtn3="3.41000000"/>
        </monthlyTotReturns>
        <othMon1 netRealizedGain="1825638.74000000" netUnrealizedAppr="39043327.48000000"/>
        <othMon2 netRealizedGain="-64163.33000000" netUnrealizedAppr="133353490.71000000"/>
        <othMon3 netRealizedGain="27718.38000000" netUnrealizedAppr="153686953.82000000"/>
      </returnInfo>
      <mon1Flow redemption="106248842.53000000" reinvestment="229135.97000000" sales="99434314.44000000"/>
      <mon2Flow redemption="57928519.97000000" reinvestment="0.00000000" sales="95754670.83000000"/>
      <mon3Flow redemption="41087963.34000000" reinvestment="0.00000000" sales="167295973.22000000"/>



    </fundInfo>
    <invstOrSecs>
      <invstOrSec>
        <name>BlackRock Funds III</name>
        <lei>5493008LW2651I1QB503</lei>
        <title>BlackRock Cash Funds: Institutional, SL Agency Shares</title>
        <cusip>066922519</cusip>
        <identifiers>
          <isin value="US0669225197"/>
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        <balance>6076149.15000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>6079187.22000000</valUSD>
        <pctVal>0.127085780632</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>STIV</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="6079187.22000000" isCashCollateral="Y"/>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>SMALL CAP LIFEPATH</name>
        <lei>N/A</lei>
        <title>SMALL CAP LIFEPATH MUTUAL FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="BlackRock Identifier" value="BRSC7UH02"/>
        </identifiers>
        <balance>5517917.56000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>195014794.34000000</valUSD>
        <pctVal>4.076796202629</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES</name>
        <lei>5493008LW2651I1QB503</lei>
        <title>BlackRock Cash Funds: Treasury, SL Agency Shares</title>
        <cusip>066922477</cusip>
        <identifiers>
          <isin value="US0669224778"/>
        </identifiers>
        <balance>11481810.92000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11481810.92000000</valUSD>
        <pctVal>0.240027959501</pctVal>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>iShares Core MSCI Total International Stock ETF</name>
        <lei>5493000KJHTQW5I5L936</lei>
        <title>iShares Core MSCI Total International Stock ETF</title>
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        <balance>22059083.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
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        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>RUSSEL 1000 LIFEPATH</name>
        <lei>N/A</lei>
        <title>RUSSEL 1000 LIFEPATH MUTUAL FUND</title>
        <cusip>000000000</cusip>
        <identifiers>
          <other otherDesc="BlackRock Identifier" value="BRSC7UGQ6"/>
        </identifiers>
        <balance>42319204.31000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2661704442.17000000</valUSD>
        <pctVal>55.64309415131</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>N/A</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares FTSE NAREIT All Equity REITs Index Fund</name>
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        <title>iShares FTSE NAREIT All Equity REITs Index Fund</title>
        <cusip>09260J492</cusip>
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          <isin value="US09260J4922"/>
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        <balance>4763727.87000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>46017611.19000000</valUSD>
        <pctVal>0.962000976327</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares US Long Credit Bond Index Fund/BlackRock</name>
        <lei>549300KVJ2QNPSCQ7553</lei>
        <title>iShares US Long Credit Bond Index Fund/BlackRock</title>
        <cusip>09260J625</cusip>
        <identifiers>
          <isin value="US09260J6257"/>
        </identifiers>
        <balance>5153674.54000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>47671489.47000000</valUSD>
        <pctVal>0.996575402921</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>



      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>


    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-10-29</ncom:dateSigned>
      <ncom:nameOfApplicant>BlackRock Funds III</ncom:nameOfApplicant>
      <ncom:signature>Chuck Pulsfort</ncom:signature>
      <ncom:signerName>Chuck Pulsfort</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
