To study the effects of the squeeze force used in the rivet installing process on structural behavior of the riveted lap joints, three-stage finite element simulation and workshop experiment of single-row countersunk riveted lap joints were implemented. Force-displacement curves and explicit configuration after various processes were obtained from both methods. Additionally, stress/strain fields were obtained from finite element analysis, and strain values at specific positions were measured by micro strain gauge during the experiment. Based on the consistency of the results, stresses on the edge of dangerous holes, load transmission, and secondary bending of joints under tensile load were analyzed. The result shows that increasing squeeze force does not have a significant influence on joint stiffness but results in a slight decrease in joint strength. Greater squeeze force introduces greater residual stress around the hole, and the maximum principal stress around the hole becomes greater tensile stress instead of initial compressive stress introduced by riveting process, thus causes weaker static strength. It is also shown that under static load, breakage occurs in the outer sheet at the end hole due to the largest load transmission and secondary bending, whereas these two aspects not only depend on the rivet installation squeeze force but also depend on the size of the exterior tensile load.