Archive last year's email manually

Step#1: Creating an email archiving pst file:
Launch Outlook application >>
Click on “File” » Drop down on “Account Settings” icon » Select “Account Setting…“
Click on 2nd TAB: “Data Files” (1) » Click on “Add..“ (2)
Rename the File name from “My Outlook Data File(1).pst” to “2023.pst“ (3)

» Click on “OK” » “Close“

Step#2: Start the Email archiving to 2023.pst:
Launch Outlook application »
Click on “File” » drop down on “Tools” icon (1) » Select “Clean Up Old Items…“ (2)

» Click and highlight your email address on top of “inbox” folder (1)
» Click down arrow button to set time stamp on Mon 1/1/2024 for the Archive items older than: (2)
» Check mark on the box for the “Include items with “Do not AutoArchive”.
» Click on “Browse…” button (3) » Select “2023.pst” (4) that you created on Step#1
» OK » OK

The email archiving is running on background once the above “OK” button is clicked.

FYI. 

Outlook didn't have indicator to show you when the archiving will finish. 

The only indicator is the animated mail folder on the bottom of Outlook and it is saying Archiving. 

The animated icon will disappear once it finished.