[FIXED] Crashes on startup

When opening MCreator for the first time, it gets stuck on dobfMcSRG, and then crashes saying it does not know the reason for the crash. Error log here:

   
Executing gradle command: cleanCache clean setupDecompWorkspace --refresh-dependencies
Microsoft Windows [Version 10.0.14393]
(c) 2016 Microsoft Corporation. All rights reserved.
C:\Users\user\Desktop\MC_Creator>cd forge
C:\Users\user\Desktop\MC_Creator\forge>SET "JAVA_HOME=C:\Users\user\Desktop\MC_Creator\jdk32\"
C:\Users\user\Desktop\MC_Creator\forge>SET JAVA_EXE=%JAVA_HOME%\bin\java.exe
C:\Users\user\Desktop\MC_Creator\forge>SET PATH=%JAVA_HOME%\bin\;%PATH%
C:\Users\user\Desktop\MC_Creator\forge>gradlew -Dorg.gradle.jvmargs="-Xms512m -Xmx1024m" cleanCache clean setupDecompWorkspace --refresh-dependencies 
This mapping 'snapshot_20161220' was designed for MC 1.11! Use at your own peril.
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         ForgeGradle 2.2-SNAPSHOT-d13a6c8        
  https://github.com/MinecraftForge/ForgeGradle  
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               Powered by MCP unknown               
             http://modcoderpack.com             
         by: Searge, ProfMobius, Fesh0r,         
         R4wk, ZeuX, IngisKahn, bspkrs           
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:cleanCache
:clean UP-TO-DATE
:deobfCompileDummyTask
:deobfProvidedDummyTask
:getVersionJson
:extractUserdev
:extractDependencyATs SKIPPED
:extractMcpData
:extractMcpMappings
:genSrgs
:downloadClient
:downloadServer
:splitServerJar
:mergeJars
:deobfMcSRG
Applying SpecialSource...
Applying Exceptor...
:decompileMc
Error occurred during initialization of VM
Could not reserve enough space for 3145728KB object heap
:decompileMc FAILED
FAILURE: Build failed with an exception.
BUILD FAILED
* What went wrong:
Total time: 2 mins 37.594 secs
Execution f> Process 'command 'C:\Users\user\Desktop\MC_Creator\jdk32\bin\java.exe'' finished with non-zero exit value 1
ailed for task ':decompileMc'.
* Try:
Run with --stacktrace option to get the stack trace. Run with --info or --debug option to get more log output.
C:\Users\user\Desktop\MC_Creator\forge>
Task completed with return code 0 in 158072 milliseconds