Status of the Standard Model prediction for the anomalous magnetic moment of the muon

The longstanding discrepancy between measurement and Standard Model prediction for the anomalous magnetic moment of the muon will soon be scrutinized with the release of Run-1 data from the E989 Fermilab g-2 experiment. To be able to fully profit from the gains in experimental sensitivity, we need a Standard Model prediction with comparable uncertainties, which presents a challenge to theory mainly due to hadronic corrections. In the talk, I will present the current status of the Standard Model prediction and discuss future prospects to meet the ultimate E989 precision goal.