Erdogan, who suffered a rare political setback in inconclusive June polls, said he would meet the parliament speaker on Monday to make the arrangements and then formally call the new elections.
“We will take our country to early elections,” Erdogan told reporters after Friday prayers in Istanbul.
“God willing, Turkey will have the elections again on November 1.”
A deadline for political parties to agree a coalition following the June 7 election runs out on Sunday, with the ruling Justice and Development Party (AKP) failing to form a coalition.
The AKP remained the largest party but lost its overall majority for the first time since it came to power in 2002, in a blow to Erdogan’s authority over the country of 75 million people.