The director said: "The movie will be purposely coming out after next year's election".
Daniel Day-Lewis will play the president; Sally Field will be playing the role of the president's wife.
The movie will follow Lincoln's journey to abolish slavery and end the American Civil War, but will focus on the story of his last 4 months of life.
"It is really a movie about the great work Abraham Lincoln did in the last months of his life" Spielberg said.
Spielberg is preparing to start shooting the movie in Richmond, Virginia because the buildings there show good resemblance to what Washington looked like back in the day.
