In addition to what ShadyHamster mentioned, the actual size of a file is different than the size each file is taking up on the disk.
Depending on the size of the files you are storing, there could be a lot of overhang, where the file takes little space, but eats a lot of disk space due to inefficient sizing of the storage locations used on the disk.
When looking at the properties for a file, you should see both size and size on disk listed. While both numbers are usually close to each other, if you have an exorbitant number of small files, you may end up with a large discrepancy in actual space used.