i = 0
for j in range(5):
    i += 1
    w[i] = function(i)

#results in:
    w1 = function(1)
    w2 = function(2)
    #etc...

d={} #empty dictionary
    for x in range(1,10): #for looping
        d["string{0}".format(x)]="Variable1"

W = []
for j in range(5):
    ...
    W.append(function(i))

i = 0
for j in range(5):
    i += 1
    globals()["w" + str(i)] = function(i)

print (w1)

my_variables = {}
i = 0
for j in range(5):
    i += 1
    my_variables["w" + str(i)] = function(i)

print (my_variables["w1"])