Is there a way to set TTL on a document within AWS Elasticsearch utilizing python library?

There is none, you can use the index management policy if you like, which will operate at the index level, not at the doc level. You have a bit of wriggle room though in that you can create a pattern data-* and have more than 1 index, data-expiring-2020-..., data-keep-me.

You can apply a template to the pattern data-expiring-* and set a transition to delete an index after lets say 20 days. If you roll over to a new index each day you will the oldest day being deleted at the end of the day once it is over 20 days.

This method is much more preferable because if you are deleting individual documents that could consume large amounts of your cluster's capacity, as opposed to deleting entire shards. Other NoSQL databases such as DynamoDB operate in a similar fashion, often what you can do is add another field to your docs such as deletionDate and add that to your query to filter out docs which are marked for deletion, but are still alive in your index as a deletion job has not yet cleaned them up. That is how the TTL in DynamoDB behaves as well, data is not deleted the moment the TTL expires it, but rather in batches to improve performance.