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    <filerInfo>

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


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        <classId>C000201977</classId>
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        <classId>C000166219</classId>
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      <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>2025-03-31</repPdDate>
      <isFinalFiling>N</isFinalFiling>
    </genInfo>
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      <totLiabs>10717637.49</totLiabs>
      <netAssets>3746057566.77</netAssets>
      <assetsAttrMiscSec>0.00000000</assetsAttrMiscSec>
      <assetsInvested>0.00000000</assetsInvested>
      <amtPayOneYrBanksBorr>0.00000000</amtPayOneYrBanksBorr>
      <amtPayOneYrCtrldComp>0.00000000</amtPayOneYrCtrldComp>
      <amtPayOneYrOthAffil>0.00000000</amtPayOneYrOthAffil>
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      <standByCommit>0.00000000</standByCommit>
      <liquidPref>0.00000000</liquidPref>
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      <borrowers>
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      <isNonCashCollateral>N</isNonCashCollateral>
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        <monthlyTotReturns>
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          <monthlyTotReturn classId="C000201977" rtn1="3.12000000" rtn2="-0.54000000" rtn3="-3.72000000"/>
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          <monthlyTotReturn classId="C000166219" rtn1="3.15000000" rtn2="-0.54000000" rtn3="-3.71000000"/>
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        <othMon1 netRealizedGain="-157558.90000000" netUnrealizedAppr="116097363.48000000"/>
        <othMon2 netRealizedGain="-160076.38000000" netUnrealizedAppr="-21072132.50000000"/>
        <othMon3 netRealizedGain="-488242.67000000" netUnrealizedAppr="-141556672.32000000"/>
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      <mon2Flow redemption="54209495.01000000" reinvestment="0.00000000" sales="93847676.01000000"/>
      <mon3Flow redemption="42906795.82000000" reinvestment="0.00000000" sales="128486623.55000000"/>



    </fundInfo>
    <invstOrSecs>
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        <name>BLACKROCK CASH FUNDS TREASURY SL AGENCY SHARES</name>
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        <title>BlackRock Cash Funds: Treasury, SL Agency Shares</title>
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        <curCd>USD</curCd>
        <valUSD>8012800.28000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BlackRock Funds III</name>
        <lei>5493008LW2651I1QB503</lei>
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          <isin value="US0669225197"/>
        </identifiers>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
        <securityLending>
          <cashCollateralCondition cashCollateralVal="5136150.00000000" 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"/>
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        <balance>5366454.05000000</balance>
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        <valUSD>155502129.04000000</valUSD>
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        <fairValLevel>N/A</fairValLevel>
        <securityLending>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares Core MSCI Total International Stock ETF</name>
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        <curCd>USD</curCd>
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        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      </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"/>
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        <valUSD>2180166503.03000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>N/A</fairValLevel>
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      </invstOrSec>
      <invstOrSec>
        <name>iShares FTSE NAREIT All Equity REITs Index Fund</name>
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        <valUSD>39883626.27000000</valUSD>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
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        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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          <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"/>
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        <balance>4384799.08000000</balance>
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        <curCd>USD</curCd>
        <valUSD>39638583.65000000</valUSD>
        <pctVal>1.058141337752</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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          <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>2025-04-29</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>
