Please see this analysis. Is there anything wrong as it is taking too much time ?
Please stop the simulation - it should not take that long! And I would personally use a quarter model as it is symmetric in two directions. Please have a look at that example and try to use that as a template: https://www.simscale.com/projects/rszoeke/sheet_metal_stamping/
Ok. Thank you for suggestion. If residual convergence plot will be visible during simulation then it will be easy to decide.