🎯 In AWS, you can backup your EC2 instance into an image that called Amazon Machine Image (AMI). You also can launch the new EC2 instance from an Image.
Click on Action / Image / Create Image
Image name and
Waiting for completion
Click on Launch instance / Launch instance
Click on My AMIs
You will see the AMI that you created
Click on Select
Choose an Instance Type
Change the storage
You have to choose the storage equal or larger than storage sizing on previous AMI (EC2 instance). In this example, previous EC2 instance has 8 GB EBS Storage, so you cannot choose the storage lower than 8 GB.
Choose Security Group
Review Instance launch Click on Launch
Choose key pair
Change the EC2 instance name