How to use concurrent.futures with timeouts?

I am trying to get timeouts to work in python3.2 using the concurrent.futures module. However when it does timeout, it doesn't really stop the execution. I tried with both threads and process pool executors neither of them stop the task, and only until its finished does a timeout become raised. So does anyone know if its possible to get this working?

import concurrent.futures
import time
import datetime

max_numbers = [10000000, 10000000, 10000000, 10000000, 10000000]

def run_loop(max_number):
    print("Started:", datetime.datetime.now(), max_number)
    last_number = 0;
    for i in range(1, max_number + 1):
        last_number = i * i
    return last_number

def main():
    with concurrent.futures.ProcessPoolExecutor(max_workers=len(max_numbers)) as executor:
        try:
            for future in concurrent.futures.as_completed(executor.map(run_loop, max_numbers, timeout=1), timeout=1):
                print(future.result(timeout=1))
        except concurrent.futures._base.TimeoutError:
            print("This took to long...")

if __name__ == '__main__':
    main()