Better still: LUKS allows you to set up multiple entry keys, so use two, either of which will grant access to the drive.

* Your preferred memorized passphrase and will never be written down anywhere.

* A random key you can print and store in a box somewhere.

Then if your backup paper gets lost, you can revoke/replace it without having to abandoned your memorized favorite.

Yep, this is the way. It survives human memory and doesn't depend on software.

If you keep it in a dark environment that's not super humid the ink should last a really long time. Even in non-optimal conditions (NY summers with high humidity, etc.) I've had regular pen ink last for decades with no signs of fading away.