By using the sieve method of combinatorics, we study $k$-error linear complexity distribution of $2^n$-periodic binary sequences based on Games-Chan algorithm. For $k=4,5$, the complete counting functions on the $k$-error linear complexity of $2^n$-periodic balanced binary sequences (with linear complexity less than $2^n$) are presented. As a consequence of the result, the complete counting functions on the 4-error linear complexity of $2^n$-periodic binary sequences (with linear complexity $2^n$ or less than $2^n$) are obvious. Generally, the complete counting functions on the $k$-error linear complexity of $2^n$-periodic binary sequences can be obtained with a similar approach.