diff --git a/CMakeLists.txt b/CMakeLists.txt
index 3be9711b..810287da 100644
--- a/CMakeLists.txt
+++ b/CMakeLists.txt
@@ -261,7 +261,7 @@ if(MSVC)
     install(TARGETS ${PROJECT_NAME}
         LIBRARY DESTINATION "lib/${MSVC_FOLDER_PREFIX}/\${CMAKE_INSTALL_CONFIG_NAME}"
         ARCHIVE DESTINATION "lib/${MSVC_FOLDER_PREFIX}/\${CMAKE_INSTALL_CONFIG_NAME}"
-        RUNTIME DESTINATION "lib/${MSVC_FOLDER_PREFIX}/\${CMAKE_INSTALL_CONFIG_NAME}"
+        RUNTIME DESTINATION "bin/${MSVC_FOLDER_PREFIX}/\${CMAKE_INSTALL_CONFIG_NAME}"
     )
     if (BUILD_STATIC)
         install(FILES $<TARGET_FILE_DIR:${PROJECT_NAME}>/${PROJECT_NAME}.pdb
@@ -273,7 +273,7 @@ else(MSVC)
     install(TARGETS ${PROJECT_NAME}
         LIBRARY DESTINATION lib
         ARCHIVE DESTINATION lib
-        RUNTIME DESTINATION lib
+        RUNTIME DESTINATION bin
     )
 endif(MSVC)
 install(FILES include/xlsxwriter.h DESTINATION include)