How to access EC2 instance if lost key Pair and root credentials

Step-1: 

Create a new instance with same OS as previous one or create it from AIM made from old instance

Step-2: 

Shutdown the old instance and detach the volume

Step-3: 

Shutdown new instance Attached the detached volume to new instance and start the instance

Step-4: 

Login new instance using ssh console

Run the following commands:

lsblk

df -h

cd mnt

mkdir oldvolume

sudo mount /dev/sda1 mnt/oldvolume

cd mnt/oldvolume/root/.ssh

sudo vi authorized_keys

Now add your public key and save 

umount /dev/sda1

sudo shutdown now

Step-5: 

Now detach the dev/sda1 volume from new instance and attach to old instance as dev/sda

Step-6:

Reboot old instance from AWS dashboard and login your old instance using ssh console 

 Note: Your old instance IP will be changed after doing this if no elastic IP