Simulates rhymes with:
stimulates, accumulates, emulates, formulates, stimulates, accumulates, calculates, circulates, emulates, formulates, innoculates, inoculates, manipulates, miscalculates, overregulates, regulates, speculates, stimulates, stipulates
Simulates sounds like:
schmaltz, schmeltz, schmults, schoenholtz, shanholtz, smaltz, smeltz