While Shemp only lived 1/10th that long!
Abraham was comtempory with Shem. the dates given in the book of Jasher are found to be true when compared to what is given in the OT.
Abraham lived with Noah and Shem for thirty nine years, hiding from Nimrod.
The Book of Jasher http://www.ccel.org/a/anonymous/jasher/home.html
a summary:
CHAPTER 9—When Ten Years Old, Abram goes to Noah and Shem, Remains with them for Thirty-nine Years, and is Taught in all the Ways of the Lord. The Wickedness of Nimrod and his People. They Propose to Build a Tower to Heaven and Dethrone God. The confusion of Tongues.
CHAPTER 16—Four Kings with Eight Hundred Thousand Men War against Sodom and the Cities of the Plain, and destroy and plunder their people. Abram, Hearing that Lot is taken captive, gathers together about Three Hundred Men and Pursues the Kings, retakes the captives, and smites the whole Army of the confederate Rings. On his Return, Abram meets Adonizedek, King of Jerusalem, the same was Shem. Abram gives Tithing of all he had taken to Adonizedek, and is Blessed of Him. Abram Restores to every Man his property which he had retaken in the War, and returns to Hebron. The Lord again appears to Abram and promises to bless him with a Numberless Posterity. Sarah being childless gives Hagar to Abram for a Wife, and becoming jealous of her, afflicts her. An Angel comforts Hagar. Ishmael is Born.