Carter's rep confirmed the breakup to ET on Sunday.
"Aaron and Madison love each other and respect one another dearly," Carter's rep said in a statement. "It was a mutual decision and Aaron's personal statement released speaks for itself. Now back to the music."
"I wanna be married. I wanna be engaged to my beautiful girlfriend, Madison," he said of his plans in the coming years. "I wanna be a good father, a good role model, a strong role model."
Parker also said that she saw "babies" with Carter in the future.
"Yeah we're going to have lots of babies. I want daughters," Carter added.
"And I want boys," Parker replied.
In an emotional message to his fans on Twitter on Saturday, Carter opened up about his sexuality, revealing that he started to find both girls and boys attractive at age 13.
"I grew up in this entertainment industry at a very young age and when I was around 13-years-old I started to find boys and girls attractive," Carter wrote. "There were years that went by that I thought about, but it wasn't until I was 17-years-old, after a few relationships with girls, I had an experience with a male that I had an attraction to who I also worked with and grew up with."
"This doesn’t bring me shame, just a weight and burden I have held onto for a long time that I would like lifted off me," he added.