Hi Kyle, thanks for making a post.
I'm sorry that you're having memory issues but hopefully this can solve it for you. Click this
link and download/install this version of the 64-bit Java. This will enable you to allocate more than 1 GB of memory to your launcher.
To allocate more memory, after installing the 64-bit of Java, please follow
this guide and it'll show you how to add memory accordingly.
If you have any further issues, please reply to this thread and we'll see what else we can do!
(note: this solution works for the Windows operating system, if you're on Mac, let me know)