Beware of fake Chinese LM2596 modules that cant deliver 1.5A. The fakes run at approx 50KHz vs the 150KHz of the genuine chip. That's three times slower, so would need three times the inductance and capacitance for the same output current. Unfortunately the fakes usually have parts chosen as-if they had a real chip, so need output current derating by at least a factor of 3, in addition to whatever disbelief factor one applies to Chinese Aliexpress/EBAY current or power ratings! You are doing well if you can get 500mA from the fakes.
To model bridge rectifier voltage drop in the sim set D1 to a silicon diode of appropriate current rating, and ctrl-right-click it and set Value2 to
N=2 and visible, for two Vf drops in series. Its still not 100% accurate as it doesn't allow for source impedance or transformer regulation factor, but if you are going to use a buck module rather than a buck-boost, will give you a better idea how close to dropping out of regulation you are. I *DON'T* recommend a plain buck module, but if you must, and you are scrabbling for a smidgin more headroom try the effect of setting D1 to a 3A Schottky diode model in place of an ordinary silicon one, then build your own bridge out of Schottky diodes.