Large Delete & tran log

I have a table that has 110 million records, I will be deleting over 60 million records, but I dont have enough space to hold all the deletes on the trans log file. Is there a way to delete 1 million record then free the trans action then run another delete in one script.Set up simple model for your database and fire your deletes: 1000000 or less records - transaction log will be freed after every delete.