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I looked into this for you! You can do it via Batch Apex
https://developer.salesforce.com/docs/atlas.en-us.apexcode.meta/apexcode/apex_batch_interface.htm
So the link above may be totally confusing, so here's an example of someone who implemented batch apex so you can get an idea of how it works:
http://salesforce.stackexchange.com/questions/99362/batch-apex-for-millions-of-records
Would this help? It might depend on the calculations you're running too and what you need at the end. If it's just math and your final output will be a series of numbers then it shouldn't be a problem.