Exoskeletons operate in continuous haptic interaction with a human limb. Thus, this interaction is a key factor to consider during the development of hardware and control policies for these devices. Physics simulations can complement real-world experiments for prototype validation, leading to higher efficiency in hardware and software development iterations as well as increased safety for participants and robot hardware. Here, we present a simulation framework of the full rigid-body dynamics of a coupled human and exoskeleton arm built to validate the full software stack. We present a method to model the human-robot interaction dynamics as decoupled spring-damper systems based on anthropometric data. Further, we demonstrate the application of the simulation framework to predict the closed-loop haptic-rendering performance of a 9-DOF exoskeleton in interaction with a human. The simulation was capable of simulating the closed-loop system's reaction to an impact on a haptic wall. The intrusion into the compliant walls was predicted with a relative accuracy of 6% to 13%. Admissible control gains could be predicted with an accuracy of around 14%, and higher prediction accuracy is indicated when modeling the torque tracking bandwidth of the actuators. Hence, the simulation is valuable for validating prototype software, developing intuition, and a better understanding of the complex characteristics of the coupled system dynamics, even though the quantitative prediction is limited.