I already have a year with verizon and my upgrade is next year?

Okay so i wanna buy the iphone 5 but its only 200 with a two year contract but i still have a year left with my iphone 4 do you think they will just add 2 more years on to the one year

Verizon ended their 20-month upgrade. Now now have to wait the whole 24 months (2 years) until you can upgrade. However if anybody else (family) are within the same plan as you, you can use their upgrade to upgrade your phone. It doesn't affect your own contract in any way (correct me if I'm wrong). If your contract ended in 6 months, and you used somebody else's upgrade, you will be able to upgrade again in 6 months cause that's when your own contract expires.