The 1992 Royal Rumble was the fifth annual Royal Rumble professional wrestling pay-per-view (PPV) event produced by the World Wrestling Federation (WWF, now WWE). It took place on January 19, 1992, at the Knickerbocker Arena in Albany, New York. It centered on the Royal Rumble match, a modified battle royal in which participants enter at timed intervals instead of all beginning in the ring at the same time.

Six matches were contested at the event, including one dark match. The main event was the 1992 Royal Rumble match. This Royal Rumble match was notable as for the first time, the winner would win the WWF Championship, which had been vacated in December 1991. Ric Flair would start at number 3, Sid Justice would enter at number 29 while The Undertaker and Hulk Hogan would enter at numbers 20 and 26 respectively. In other featured matches on the undercard, The Natural Disasters (Earthquake and Typhoon) had a WWF Tag Team Championship match against current champions The Legion of Doom (Hawk and Animal), The Beverly Brothers (Blake Beverly and Beau Beverly) took on The Bushwhackers (Bushwhacker Luke and Bushwhacker Butch) in a tag team match, and Roddy Piper took on current WWF Intercontinental Heavyweight Champion The Mountie with the title on the line.