This paper introduces a revolutionary mechanism, the Four-Translator Magnetic Crankshaft (FTMC), designed to address inherent limitations of the Magnetic Lead Screw (MLS) in energy storage and driving efficiency. The FTMC combines features of the MLS and a traditional cross crankshaft, enabling efficient energy conversion between continuous rotatory motions and reciprocating linear motions. The study presents the FTMC's working principle, theoretical calculations, 3D finite element analysis (FEA) validation, and comprehensive performance analyses. The FTMC's rotor, featuring a unique magnet array, allows for continuous rotation while the four translators reciprocate with a 90-degree phase difference. This breakthrough resolves the energy storage challenge faced by MLS, leading to enhanced efficiency and frequency. The paper explores the FTMC's static and dynamic performance, demonstrating its superiority in achieving 4.6 times higher reciprocating speeds or 93.3 % lower driving torque compared to the same-sized MLS in the limiting case. Furthermore, the study proposes an innovative assembly design with a 2-air gap topology, addressing potential radial attraction issues and reducing translator mass. The anticipated performance under ideal conditions, based on 3D FEA results, showcases the FTMC's ability to transmit about 1.4 kW power with efficiencies exceeding 75 % at rated load angles and 30 Hz driving frequencies. Theoretical insights into the FTMC's capabilities open promising avenues for future research and prototyping. Experimental validation is recommended to confirm the mechanism's maximum driving ability, offering significant advancements in Magnetic Lead Screw and high-speed magnetic drive systems. Future studies should focus on prototype manufacturing and controllable load test bench design to validate the presented theoretical analysis.