Reuse previously calculated column in sql query?

Hello,

Is it possible to reuse a previously calculated column in a following
column, like:

SELECT
foo.val1 AS col1,
long_calculation(foo.val1) AS col2,
COL2 * 0.75 AS col3
FROM foo;

instead of writing:

SELECT
foo.val1 AS col1,
long_calculation(foo.val1) AS col2,
long_calculation(foo.val1) * 0.75 AS col3
FROM foo;

Philippe