diff --git a/src/Makefile b/src/Makefile
index 2dc3065f..05a69cf8 100644
--- a/src/Makefile
+++ b/src/Makefile
@@ -153,6 +153,7 @@ noopt:
 	make PROF="-pg" ARCH="-arch i386"
 
 install: all
+	mkdir -p $(INSTALL_BIN)
 	$(INSTALL) $(PRGNAME) $(INSTALL_BIN)
 	$(INSTALL) $(BENCHPRGNAME) $(INSTALL_BIN)
 	$(INSTALL) $(CLIPRGNAME) $(INSTALL_BIN)