A real-time measurement method for the retardation of an eighth-wave plate is proposed. The collimated laser beam is split using a Glan Taylor polarizer with two side escape windows. The reflected sub-beam is detected using a detector, whereas the transmitted sub-beam passes through the quarter-wave plate and the eighth-wave plate of interest. Then, it is reflected by the mirror and passes reversely through the eighth- and quarter-wave plates. Finally, it is analyzed using the Glan Taylor polarizer and detected using another detector. With two detection signals, the retardation is resolved and found to be independent of the fast-axis direction, initial intensity, and circuit parameters. In the experiment, a crystal quartz sample is measured at different fast-axis angles. The standard deviation of the retardation is 0.9o. The usefulness of the method is verified.