A circular saw including a housing, a motor disposed within the housing, a spindle operable to be rotated by the motor, and a saw blade supported by the spindle for co-rotation therewith. The saw blade includes a hub portion located at a center of the saw blade and a blade portion extending therefrom. The hub portion is offset from the blade portion to define a pocket between the blade portion and the hub portion. The circular saw also includes a fastener securing the saw blade to the spindle. The fastener is at least partially recessed within the pocket.