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I don't know by train but i can tell you that by bus it cost you 19 Euros from Lagos (one of the Algarve cities) to Lisbon. This bus also pass in Faro.
Since Lagos is a terminal stop its more expensive to go from Lagos to Lisbon, than from Faro to Lisbon, so i am sure the ticket its less than 19 Euros in this case.
I remind you that they made 50% reduction to children till 12 years old, and they also do a good reduction if you are a holder of the European Youth Card.
The trip from Lagos - Lisbon takes 4 hours and the buses are very good with air con and W.C. etc ...
What else can I help you with?
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