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Whats the best way to archive data long term while on a budget ?
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What would it cost to retrieve though? You probably still have the appropriate cost-effective solution but it's an important consideration for newcomers to have complete math.
Retrieving from S3 glacier is approximately ~~10 times the monthly cost of storing the data~~ 100 times actually. Didn't realize retrieval from Glacier isn't actually downloading it onto your local, but rather just moving it into a frequent access tier S3 bucket from which you can then download, and this download is the expensive part.
OP said "archive", not "backup". Glacier is for days you need to keep but rarely touch.