In coherent continuous-wave (CW) radar systems, such as frequency-modulated CW (FMCW) radar systems, measurement precision is distorted by phase noise and systematic phase errors during radar signal generation. Unfortunately, to date, these phase distortions have typically been modeled based on many simplifications, often leading to overoptimistic predictions of radar performance. For example, phase noise is regularly considered based on additive white Gaussian noise (AWGN) models, ignoring its colored spectral property. Systematic errors are also frequently not properly separated from stochastic distortions, or not precisely measured and modeled. To overcome these issues, an advanced CW radar and frequency synthesizer model is proposed, analyzed, and experimentally verified in this paper. It is shown how systematic phase errors can be measured and how the influence of phase distortions on radar measurement can be accurately predicted. The proposed modeling approach was investigated for range correlation and range precision. The key metrics are the phase noise power spectral density (PSD) for range correlation and the variance of the frequency estimate for range precision. A 24-GHz FMCW radar system was used for the experimental verification. Long-range radar targets with distances of 38 to 880 m were created with an analog fiber optical link. Therefore, a precise and systematic evaluation of all effects was possible. The proposed phase distortion modeling approach realistically represented the range-dependent radar measurement effects. This enables the most precise simulation of and prediction for FMCW radar performance to date.