Individual adult fish can produce huge numbers of small offspring, but most die in the first weeks of life. Environmental changes that lead to even small changes in early life survival can have a disproportionate impact on the number of fish that survive and ultimately support fisheries. Lake Michigan supports valuable recreational and commercial fisheries that can fluctuate with how well fish survive in early life. Statistical models have revealed linkages between survival and climate characteristics, such as water temperature, but the exact mechanisms remain unclear and how future climate will affect the survival of young fish is highly uncertain. We integrated a series of models to investigate how climate variability may explain historical variation in the survival of young alewife and yellow perch, two fish populations that support key fisheries either directly or indirectly, while also projecting their future survival in the mid-21st century under different scenarios informed by consultation with fishery managers. Our model results revealed how spring and summer water temperatures in Lake Michigan can affect the environment in which young alewife and yellow perch grow and survive. Specifically, in years when lake warming is rapid, young fish are more likely to be transported from their natal, productive, nearshore environments to cooler and less productive offshore environments, unless adults also spawn earlier in these warm years. Furthermore, model predictions of prey abundance for young fish in the mid-21st century indicate less favorable conditions for growth and survival compared to predictions based solely on warming temperatures. With completion of the final products in the coming year, including predicted growth and survival of young fish under different future scenarios, fishery managers will have more information to share with stakeholders regarding how expectations may need to be modified regarding alewife and yellow perch productivity.