The Stratospheric Aerosol and Gas Experiment (SAGE) III instrument was successfully launched into orbit on 10 December 2001. The planned operational species separation inversion algorithm will utilize a stepwise retrieval strategy. This paper presents an alternative, semisimultaneous species separation inversion that simultaneously retrieves all species over user-specified vertical intervals or blocks. By overlapping these vertical blocks, retrieved species profiles over the entire vertical range of the measurements are obtained. The semisimultaneous retrieval approach provides a more straightforward method for evaluating the error coupling that occurs among the retrieved profiles due to various types of input uncertainty. Simulation results are presented to show how the semisimultaneous inversion can enhance understanding of the SAGE III retrieval process. In the future, the semisimultaneous inversion algorithm will be used to help evaluate the results and performance of the operational inversion. Compared to SAGE II, SAGE III will provide expanded and more precise spectral measurements. This alone is shown to significantly reduce the uncertainties in the retrieved ozone, nitrogen dioxide, and aerosol extinction profiles for SAGE III. Additionally, the well-documented concern that SAGE II retrievals are biased by the level of volcanic aerosol is greatly alleviated for SAGE III.