Participants were 181 university students who completed measures of career development (self-efficacy, perceived barriers, distress, planning, and exploration) and goal adjustment capacity (disengagement and reengagement). We expected (a) that when contemplating unachievable goals, those with a higher capacity to adjust their goals (i.e., to disengage and reengage) would report less distress, more career planning, and more exploration; and expected (b) that the relationships between goal adjustment and the outcome variables (distress, planning, and exploration) would be moderated by self-efficacy and perceptions of barriers. We found that those with a higher capacity to adjust their goals by disengaging and reengaging reported more exploration. Less distress was associated with disengagement, but not reengagement, whereas more planning was associated with reengagement, but not disengagement. Additionally, we found moderating effects for self-efficacy and perceptions of barriers; that is, having higher levels of efficacy and perceiving fewer barriers protected when goal adjustment capacity was lower.