Fallout 5 is a long way off. As Todd Howard, the director/executive producer/Vault Boy-esque mascot of Bethesda Game Studios said, Fallout 5 will follow The Elder Scrolls 6, which is still in pre-production. Maybe we'll get to play it in the 2030s, climate change willing...
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Fallout 5 should go back to where it started: California
Source: PC Gamer (opens in a new tab)