The answer is no- panic disorder can't kill you. However, it may feel like you are going to die, as you might think you are having a heart attack, or you may be short of breath and you may feel like you are having an asthma attack. In either case, an urgent visit to the emergency department is in order to rule out serious and potential fatal medical conditions such as heart attack and asthma attack. Besides these medical conditions which can mimic panic disorder, panic disorder by itself will not kill you.