In this paper an ultra-wideband 80 GHz FMCW-radar system for contactless monitoring of respiration and heart rate is investigated and compared to a standard monitoring system with ECG and CO(2) measurements as reference. The novel FMCW-radar enables the detection of the physiological displacement of the skin surface with submillimeter accuracy. This high accuracy is achieved with a large bandwidth of 10 GHz and the combination of intermediate frequency and phase evaluation. This concept is validated with a radar system simulation and experimental measurements are performed with different radar sensor positions and orientations.