16
It should work the way you intended.
$array = array('value-0', 'value-1', 'value-2', 'value-3', 'value-4', 'value-5' /* … */);
$key = 4;
$value = $array[$key];
echo $value; // value-4
But maybe there is no element with the key 4. If you want to get the fiveth item no matter what key it has, you can use array_slice:
$value = array_slice($array, 4, 1);