A retardation film composed of a laminated film which comprises a layer A composed of a material having a positive intrinsic birefringence and a layer B composed of a material having a negative intrinsic birefringence; the retardation film has a stretching temperature Tα which causes delaying of a phase after the stretching to a phase before the stretching and a stretching temperature Tβ which causes hastening of a phase after the stretching to a phase before the stretching, in cases of uniaxially stretching in a direction of an X axis by draw ratio of 1.25, in which the phase is of linearly polarized light ΨX in relation to linearly polarized light ΨY, the X axis is an uniaxially stretching direction; and the retardation film satisfies 0.92 ≦R40/Re ≦1.08, wherein Re (nm) and R40 (nm) are retardation values of light having a wavelength of 550 nm.