Optimum tool design is carried out fur a multi-stage rectangular cup deep-drawing and ironing process with the large aspect ratio. Finite element simulation is carried out to investigate deformation mechanisms with the initial design made by an expert. The analysis considers the deep drawing process with ironing for the thickness control in the cup wall. The analysis reveals that the difference of the drawing ratio within the cross section and the irregular contact condition produce non-uniform metal flow to cause wrinkling and severe extension. For remedy, the modification guideline is proposed in the design of the tool and the process. Analysis results confirm that the modified tool design not only improves the quality of a deep-drawn product but also reduces the possibility of failure. The numerical result shows fair coincidence with the experimental one. After tryouts of the tool shape, the rectangular cup has been produced in the transfer press.