Is the iphone 6 likely to release this year?

My contract phone runs out in november, I was thinking of paying it off to get the iphone 5, but I don't want to get the iphone 5 and then the 6 comes out not long after

Nope. I mean they'd probably announce an IPHONE 5S but it's still unlikely for THIS year. If I were you I'd wait till next year just in case.

Not a chance… 5S is the only release you get.

The iPhone 6 will not be coming out this year, although you can expect to see the 5s before 2014.

It was rumored that Apple intends to start releasing a new iPhone every quarter. If that's true, then probably yes. But even still, it won't be until the very end of this year (at earliest).

One will be released this year is my guess, it may be 5S so who knows what they will call it. There will always be new versions as everything is always evolving (and should be!). Hardware especially is always improving and getting smaller and better. If waiting for the next version then you will always be waiting.

IPhone 5s November no IPhone 6 even thought about yet.5s is gonna be a much better handset than the basic 5 well worth waiting for