Upgrade from 11.0.0 to 2023

I know I should have upgraded before now, but finally I plan to do it. I know to do a complete backup of my catalogue before starting. My question is, is the update designed to go seemlessly from photoshop elements 11 and will it read my current catalog for the organizer? I currently have about 50,000 photos cataloged. The following is what I currently have (output from Photoshop Elements):

Elements Organizer 11.0.0.0
Core Version: 11.0 (20120923.r.32287)
Language Version: 11.0 (20120923.r.32287)
Current Catalog:
Catalog Name: ALL-Photos
Catalog Location: D:\WilsonData\Pictures\ALL-Photos\
Catalog Size: 196.3MB
Catalog Cache Size: 1.4GB