in cnc or lathe machine by giving speed rate constant,feed rate varies and speed rate varying,feed rate constant.
Unfortunately, there is no way of doing that in dynamic simulation in inventor. Only forces that would be acting on the surface of the object can be simulated. Material removal can't be done. The only software I can think of that may be able to do that is MasterCAM. But I'm not 100% certain.
If you have access to Fusion 360 from Autodesk, you should be able to upload the model and use those CAM tools. The tools show the material being removed when you run the machining simulation. Hope this helps and have a most blessed day!