Chris,
You have to make a choice to start with, and the most obvious one would be to choose the number, divisble by 4, presuming you already have diameter/radius of the circle, otherwise you willo have to choose that as well.
After that you can, for an accurate solution without complicated calculations/adaptations/whatever:
1) Create a polygon with the chosen number of triangles and the same radius as the circle (half the diameter); this will give you a polygon with one side at the top; lock it;
2) With the Line Tool ClickDrag across the top side of the polygon from one Anchor Point to the other;
3) Ctrl/Cmd+C+F to copy the line on top of itself, then:
3a) If the triangles are to be outside the circle, in the Transform palette set the bottom left Reference Point and insert 60 degrees in the angle box and press Enter; this will give you the second side of the triangle;
3a) If the triangles are to be inside the circle, in the Transform palette set the bottom right Reference Point and insert 60 degrees in the angle box and press Enter; this will give you the second side of the triangle;
4) Select both 2) and 3) and Ctrl/Cmd+J to join them (you may ClickDrag across the coinciding Anchor Point with the Direct Selection Tool in older versions; then Ctrl/Cmd+J again to complete the triangle;
5) Unlock the polygon, then:
5a) If the triangles are to be outside the circle, create a large enough auxiliary circle and centre align it to the polygon, then Group the auxiliary circle and the triangle;
5b) If the triangles are to be inside the circle, Group the polygon and the circle;
6) Effect>Distort & Transform>Transform set the Rotation to 360/number of triangles and Copies to that number less 1;
7) Object>Expand Appearance, the Ungroup and hide/delete the polygon and the auxiliary circle, if any.