Error launching Eclipse 4.4 “Version 1.6.0_65 of the JVM is not suitable for this product.” [duplicate]

Here’s how to fix this error when launching Eclipse:

Version 1.6.0_65 of the JVM is not suitable for this product. Version: 1.7 or greater is required.

1. Go and install latest JDK

2. Make sure you have installed 64 bit Eclipse