Will it be saved on minecraft?

Dying in Minecraft is a bit of a pain - you'll be taken all the way back to wherever you first spawned from, and have lost all your items. You can in fact walk back to where you died and simply pick all your fallen items up, but usually it will be far too long a trek to be bothering with.

Source:

http://www.diygamer.com/2010/09/minecraft-starter-guide-extra-survival-tips/

Yea you'll just respawn in the last bed you slept in. <3