You can save a meeting as a draft on your calendar if you aren't ready to send the meeting invites.
Save a meeting as a draft
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Click on the drop-down menu in the Send button.
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Select Save as draft.
This will save the meeting invite on your calendar.
Note: The drop-down will only appear once at least one participant is added to the invite. Note that the draft is not stored in your mailbox draft folder.
Edit the draft
When you are ready to edit the draft meeting and send, do the following:
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Locate the draft meeting on your calendar and select Edit.
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Make any changes you would like to make and select Send. You can also save it as a draft again if you are not ready to send it.