When the date is shown in the Time Machine for the first time the current day of the year displayed is July 29th the current time is 10:05. This episode first aired July 29, 2010 and that particular scene of the episode aired at 10:05 PM.
In the year five million, the world has been split into two races. The small land dwellers, and the undergrounds beasts. Exactly like in H.G. Wells book The Time Machine.
However by the year 10 million they have merged again in one being.
Ironically if Bender had just waited until the evening after to use the backwards time machine that the women's civilisation had invented, he could have used it to travel back only as far as the era of robot war, with Fry and Farnsworth going all the way back to where they had begun to travel. But instead he decided to skip over that era by millions of years. Bender is just that petty.
It seems the Time Machine can travel through time, but not through space, since Farnsworth gives up at the death of the Earth, rather than trying on other planets.
The time machine in this episode is the unfinished one in "A Clone of My Own"