You don't mention what version of ANSYS you're using, but in any case you'll need to make sure you've got your settings right. Contact conditions are a pretty complicated topic, but in general here is some of the feedback I give every time. It's possible you don't need contact conditions at all; unless you expect to see a lot of movement at the bolts and washers I would seriously recommend you consider bonding them using a multi-body solid. Alternatively, consider deleting your washers altogether and then use a contact condition with just your bolts.
Contact condition guidelines:
- Pay close attention to your mesh density in the contact conditions. The mesh should be of similar size on both sides of the contact, you can use a "contact condition mesh refinement" to make sure this happens. I'd also recommend using hex-dominant mesh where possible, tetrahedrons tend to make for rougher stress gradients.
- Make sure you use an "Augmented Lagrange" formulation for the contacts between the components. This formulation tends to work best for me in most conditions.
- As a start, make the contact condition between the parts frictionless. Once you get it to converge, then you can think about considering friction.
- Make sure your contact condition forces update every substep, and split your problem into MANY substeps (on the order of 100).
Try this out and see what happens.